MI’s Dom LaVigne spoke on a panel analyzing fuel trends at the Enmore Global Biodiesel Forum 2015 earlier this week in Singapore. Dom shared information on methanol-gasoline fuel blending and related public policy global developments with the audience. Much of the conference focused on biodiesel developments in Asia Pacific.
Ms. Yu Guo, Senior Editor for ICIS, presented that methanol consumption in Southeast Asia is 2.5 million metric tons (MMT) annually, with much of this being driven by biodiesel growth in recent years. This growth has largely focused on Indonesia, which currently has a B15 mandate and plans to impose a B20 mandate from 2016 onwards. Malaysia has B5 and B7 programs underway in selected areas, and is looking to expand to a nationwide B10 program in 2016.
Platts and other conference speakers indicated that government mandates have been a primary driver for biodiesel growth in Asia and globally. Stratas Advisors presented five-year forecasts for biodiesel supply and demand which echo these views. The Asia Pacific region is expected to lead biodiesel supply and demand growth from 2015-2020 at nearly 100% supply growth 120% demand growth.