Biofuels to make up 25% of US transportation fuels by 2040: DOE
Biofuels will constitute 25% of the transportation fuel market by 2040, according to a strategic plan laid out by the US Department of Energy’s Bioenergy Technologies Office (BETO). The comprehensive plan covers the bioenergy value proposition, using US biomass resources, seeking out end-use markets and customers and ensuring stakeholder interest and collaboration. By 2040, BETO aims to be able to replace 7% of petrochemicals with bioproducts, and demonstrate the environmental impact of such changes.

The US Department of Energy’s Bioenergy Technologies Office (BETO) released its new strategic plan, titled Strategic Plan for a Thriving and Sustainable Bioeconomy. The strategic plan—with a vision for 2040—lays out BETO’s mission to accomplish its vision in a dynamic setting that realizes changes in the energy landscape, advances in technology, growing environmental awareness, and public expectations.

The strategic plan sets the foundation for the development of BETO’s multi-year program plans, annual operating plans, and technology program areas. It also takes a crosscutting approach to identify opportunities to adapt and align BETO activities and project portfolios with those in both the public and private sectors. The plan centers around four key opportunities: enhancing the bioenergy value proposition; mobilizing US biomass resources; cultivating end-use markets and customers; and expanding stakeholder engagement and collaboration.