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VW scandal could have “a ripple effect” on biofuel business

The biofuel industry is forecast to grow, but the VW scandal and concerns over diesel – including biodiesel – could cause an upset

Recent predictions for the global biofuel market are positive. Capacity is set to grow to 61 billion gallons per year (BGY) in 2018, up from 55.1 BGY in 2014, according to a Lux Research report.

But these estimates were made prior to the VW scandal. Could the ongoing situation have a knock-on effect on the future of the market?

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