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Global Biofuels Growth to Double by 2015
Date:9/30/2009

HOUSTON, Sept. 30 /PRNewswire/ -- Despite a number of key issues such as land use and competition for feedstocks supplies for traditional food and feed uses, global use of biofuels is excepted to more than double from 2009 to 2015, according to a new global analysis released today by Hart's Global Biofuels Center. Leading the expansion is the United States with a growth of total biofuels use of more than 35%. Brazil will grow domestic supplies by 30% and more than double export volume. Indonesia and Malaysia will more than double production of palm oil biodiesel, while Germany will remain the largest producer of biofuels in Europe.

Major new contributors to the growth of global biofuels between 2009 and 2015 include Indonesia, France, China, India, Thailand, Colombia, Malaysia, Philippines and Argentina. First generation ethanol, palm oil biodiesel and rapeseed biodiesel from Europe continue to be the dominant biofuels produced. Despite major public policy interest in next-generation biofuels, actual commercial growth in the production and use of these fuels between 2009 and 2015 is projected to remain behind expectations. Hart's recently released Global Biofuels Outlook to 2015 revealed that out of the approximately 170 next-generation biofuels projects around the world that are in some stage of development (operational, under construction or proposed), only 30% of those are actually expected to be operating during the study timeframe, and many of those are still in the pilot project stage. Still, GBC recognizes the potential cellulosic ethanol and renewable diesel represent and that those biofuels, when fully commercialized, will command both a quality and price premium in the marketplace. Those technologies which have thus far added Major oil company joint venture partners seem to have the greatest opportunity for first comme
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SOURCE Hart Energy Publishing
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