The era of renewable diesel has brought a transformation of the biofuel supply chain from primarily driven by agricultural (Bunge) and pure-play biofuel (REG, Poet) players to a supply chain that integrates traditional oil refineries (Chevron) as biofuel producer and active investors of feedstock assets, and agriculture seed and AgTech (Bayer, Syngenta) players as future innovators of the biofuel agriculture supply chain. What corporate strategies are needed to expand the production of biofuels? How the emergence of this trend impact oil refineries, biofuel producers and agricultural players including traders, farmers and input companies.
For over a century, the modern economy has been made possible by a global fossil fuel system that has delivered low-cost, scalable energy. Now after optimizing transportation fuels, engines and infrastructure, monumental changes are needed to power our future cars, trucks and airplanes while producing significantly less emissions. Batteries, biofuels and e-fuels are among the technologies competing for a share of the future mobility market, most of which will rely on incentives to gain scale. What technologies will dominate this new landscape? Will different fuels be used in different applications and regions? How are choices made by consumers and automakers influencing technology adoption and strategic options for fuel suppliers?