As energy transition and fuels decarbonization continues and spreads to more countries and jurisdictions, the demand for both biofuels and low-carbon feedstocks is increasing. Advanced or next-generation biofuels have been slow to enter the market for a variety of reasons such as policy support, technological limitations and the availability of conventional biofuels. How is the energy transition changing the landscape for next-generation biofuels? What are investors noticing as new technologies, projects and feedstocks are beginning to enter the market? What are the major drivers for the future success of next-generation biofuels?