IEA Predicts Global Ethanol Production Increase

By Staff | August 12, 2013

The International Energy Agency has released its second annual Medium-Term Renewable Energy Market Report, predicting that world biofuel production will increase from 1.86 million barrels per day in 2012 to 2.36 million barrels per day in 2018. If the prediction is correct, biofuels will account for 4 percent of global road transportation fuel demand in 2018.

Ethanol is expected to remain the dominant biofuel in 2018, with 1.81 million barrels per day of production. Within the U.S., the IEA expects ethanol production to reach 853,000 barrels per day in 2013, increasing to 979,000 barrels per day in 2018. Production in Brazil is expected to reach 436,000 barrels per day this year, and increase to 536,000 barrels per day in 2018. Ethanol production is also expected to increase in Europe, from 67,000 barrels per day in 2012 to 100,000 barrels per day in 2018.