According to a study by the Boston Consulting Group (BCG), Brazil has the potential to supply up to 15% of global maritime biofuel demand by 2050. The country is already a leader in ethanol and biodiesel production and has the capacity to expand supply sustainably, using degraded lands and low-impact agricultural practices.
This potential is reinforced by new regulations from the International Maritime Organization (IMO), which require significant reductions in greenhouse gas emissions from the shipping sector. In this context, Brazilian biofuels present a viable alternative, with carbon abatement costs competitive compared to fines for non-compliance with global targets.
The report also estimates that the expansion of this market could attract up to US$ 90 billion in investment, strengthening Brazil’s role as a strategic player in the maritime energy transition and enhancing its sustainable biofuel supply chain internationally.
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