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Biodiesel consumption within the Philippines is predicted to increase by 31 p.c in 2022, based on a report filed with the USDA International Agricultural Service’s International Agricultural Data Community. The rise is primarily attributed to a projected motion from B2 to B5 and elevated gasoline use resulting from financial development.
The nation at present has 13 biodiesel vegetation with a mixed 708 million liters of nameplate capability. Each the variety of biorefineries and capability has held regular since 2020. Capability use is predicted to be at 35 p.c this 12 months, up from 28 p.c in 2021 and 26.6 p.c in 2020.
Manufacturing is predicted to succeed in 248 million liters this 12 months, up from 191 million liters in 2021 and 161 million liters in 2020, Home biodiesel manufacturing at present depends on coconut oil feedstock, with 228,000 metric tons anticipated to be consumed this 12 months.
The Philippines is predicted to eat 250 million liters (66.04 million gallons) of biodiesel this 12 months, up from 129 million liters in 2021 and 122 million liters in 2020. Biodiesel is predicted to account for 3 p.c of diesel gasoline use this 12 months, up from 2.6 p.c in 2021 and a couple of.5 p.c in 2020.
The Philippines isn’t anticipated to import or export any biodiesel in 2022.
To succeed in a goal biodiesel mix of 5 p.c, the report estimates that 683 million liters of the gasoline shall be wanted subsequent 12 months, rising to 717 million liters in 2024, 745 million liters in 2025 and 777 million liters in 2026.
A full copy of the report could be downloaded from the USDA FAS GAIN web site.
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