Biofuels market breaking out all over

  • 18-Apr-2011 03:16 EDT

The global biofuel market grew by 24.4% in 2010 to reach a value of about $128 million and by 2015 will grow to about $251 million, an increase of 96.3% since 2010, according to a report by Research and Markets. Volume is expected to grow 72% from 2010's 643 million barrels to 1.1 billion barrels in 2015. Bioethanol is the largest segment of the market at 83%, and North America accounts for 74% of consumption. All figures are based on sales of biodiesel and bioethanol through retail service stations and wholesalers.

Share
HTML for Linking to Page
Page URL
Grade
Rate It
4.17 Avg. Rating

Read More Articles On

2016-11-15
Tanktwo, a Finland-based startup company is rethinking the basic battery cell and challenging the fundamental economics and operational assumptions of EVs. The ingenious concept is worth engineers' attention.
2016-12-01
Ford is to introduce a cylinder deactivation version of its 3-cylinder EcoBoost triple. It will enter production by early 2018 and it is expected to deliver up to a 6% fuel saving with associated CO2 emissions reduction.
2017-03-05
A new version of the LG Chem Z.E. 40 battery delivers nearly double the energy density of its predecessor.
2016-11-07
The Administration recently announced details of the expanded network of EV charging stations across nearly 25,000 mi (40,233 km) of highways in 35 U.S. states and the District of Columbia.

Related Items

Training / Education
2018-04-09