Biofuel & biorefinery portfolios of petroleum companies–Policy & nomenclature implications

Methadius Iweanya Ofili

doi:10.29333/ejosdr/16346

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Methadius Iweanya Ofili ¹ ^*

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¹ Oil and Gas Business School, UNICAF University, Port Harcourt, NIGERIA^* Corresponding Author

Abstract

This research investigated the biofuel and biorefinery portfolios of several prominent petroleum companies. The results show that they invested in biofuel research, and produced, not only conventional but also, innovative biofuels, such as crude, bio oil, green naphtha, hydrogenated vegetable oil, renewable natural gas, renewable compressed natural gas, sustainable aviation fuel, sustainable liquefied petroleum gas, bio-liquefied natural gas, bio-butanol, bioethanol and alcohol-to-jet fuels. They are also converting petroleum refineries to biorefineries. However, their current efforts remain insufficient for net zero target attainment. Four petroleum companies divested from some biofuel portfolios because of inconsistent energy policies’ impacts on profitability. These biofuels and their diverse feedstock and production processes highlight the great need for the establishment of international biofuel and biorefinery product nomenclatures, standardization and policy upgrades to ensure net zero attainment.

Keywords

Biofuels
Biodiesel
Biorefineries
Nomenclature
Policy

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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Article Type: Research Article

EUR J SUSTAIN DEV RES, Volume 9, Issue 3, 2025, Article No: em0302

https://doi.org/10.29333/ejosdr/16346

Publication date: 01 Jul 2025

Online publication date: 06 May 2025

Article Views: 289

Article Downloads: 92

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How to cite this article

APA

Ofili, M. I. (2025). Biofuel & biorefinery portfolios of petroleum companies–Policy & nomenclature implications. European Journal of Sustainable Development Research, 9(3), em0302. https://doi.org/10.29333/ejosdr/16346

Vancouver

Ofili MI. Biofuel & biorefinery portfolios of petroleum companies–Policy & nomenclature implications. EUR J SUSTAIN DEV RES. 2025;9(3):em0302. https://doi.org/10.29333/ejosdr/16346

AMA

Ofili MI. Biofuel & biorefinery portfolios of petroleum companies–Policy & nomenclature implications. EUR J SUSTAIN DEV RES. 2025;9(3), em0302. https://doi.org/10.29333/ejosdr/16346

Chicago

Ofili, Methadius Iweanya. "Biofuel & biorefinery portfolios of petroleum companies–Policy & nomenclature implications". European Journal of Sustainable Development Research 2025 9 no. 3 (2025): em0302. https://doi.org/10.29333/ejosdr/16346

Harvard

Ofili, M. I. (2025). Biofuel & biorefinery portfolios of petroleum companies–Policy & nomenclature implications. European Journal of Sustainable Development Research, 9(3), em0302. https://doi.org/10.29333/ejosdr/16346

MLA

Ofili, Methadius Iweanya "Biofuel & biorefinery portfolios of petroleum companies–Policy & nomenclature implications". European Journal of Sustainable Development Research, vol. 9, no. 3, 2025, em0302. https://doi.org/10.29333/ejosdr/16346