Oil Majors Betting on Biofuels with 43 Projects by 2030, Rystad Reports
Major oil and gas companies are significantly increasing their investments in the biofuels sector, with a focus on sustainable aviation fuel (SAF). According to a report by Rystad Energy, 43 biofuel projects are expected to be operational by 2030. Industry leaders, including ExxonMobil, are betting on biofuels as a key component of their strategy to meet growing energy demands while reducing carbon emissions.
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