The National Biodiesel Board said last week it wants biodiesel to own a 10 percent share of the on-road diesel market by the year 2022, as it outlined its 10-year plan for growth at the Biodiesel Conference & Expo in Las Vegas, dubbing the plan “10×22.”
The goal, says NBB, is to diversify the energy options of diesel consumers in the U.S., including boosting biodiesel to the board’s desired 10 percent share spot. It says it wants to rely on technological advances through research of raw materials to find oil content in items like soybeans and corn.
In 2010, the NBB said it wanted to nab 5 percent of the market by 2015 — a goal it says it is “well on its way” to achieving.
“It is not about replacing every drop of petroleum; it is about continuing to diversify transportation energy so we can meet our needs affordably and sustainably,” said National Biodiesel Board CEO Joe Jobe.
“As ongoing research continues to support more biodiesel growth,” says an announcement from the NBB, “the industry looks forward to the development and innovation that the coming decade will bring.”