Oil Majors Betting on Biofuels with 43 Projects by 2030, Rystad Reports

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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