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Tag:

Biofuel Market

U.S. Biofuel Production Increase – Fact or Wishful Thinking?

written by Walter Wang

A recent study, released on 11 October, “Biofuel and Technologies” released by Pike Research states that the global biofuel market will double within the next decade to $183.3 billion from its current level of $82.7 billion, with ethanol production accounting for $78 billion of future worldwide biofuel production, while predicting that biodiesel production will reach $25.5 billion. Perhaps not surprisingly, Pike Research predicts that the US will become the world’s leading biofuel producer, accounting for 71 percent of alternative fuel by 2021.

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October 26, 2011 1 comment
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