What’s in Store for the Biofuel Market?
The U.S. Department of Energy has announced that they will invest up to $375 million in three new bioenergy research centers. The centers are intended to accelerate basic research in the development biofuels. The government hopes that new technology will enable this energy source to eventually become a substitute for gasoline.
An updated and detailed overview of the world’s biofuel market can be found in a new report released by RNCOS, “Biofuel Market Worldwide (2007-2010)”. The report found that world biodiesel production is likely to reach 12 billion liters by the end of 2010.
RNCOS’ report revealed that the U.S. and Brazil are the world’s leading producers of bio-ethanol, making up more than half of the world’s production. Also, in 2005, global production of biofuel (biodiesel and ethanol) had already exceeded 48 billion liters.
Topics covered in this research report include market trends, current cost analysis, factors driving the market, the main industry players, and future opportunities for biofuel in the global market.
RNCOS’ complete report can be purchased on their website.
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