The Indian ethanol consumption is projected to grow at a CAGR of around 4% during 2009-2018. Various factors contributing to the growth of ethanol consumption have been discussed in detail.
Biodiesel prices in the US are expected to see a declining trend to push up commercial usage during 2008-2015. Corn is anticipated to dominate the future ethanol production in the US.
Climate change, along with diversity & security of energy supply, remain the primary driving forces for biofuel industry. Growth of ethanol production (2007-2010) is likely to attain CAGR of 8.48%.
Growing at the CAGR of more than 33% from the year 2007, world Biodiesel production is likely to touch the mark of 12 Billion Liter by the end of 2010.
Use of Biofuel and wastes for electricity generation has been doubled between 2001 and 2005 in UK. Growing Biofuel industry has the potential to create new opportunities for rural development....
Growing at the rate of more than 30% from the year 2006, world Biodiesel production is likely to touch the mark of 12 Billion Liter by the end of 2010.
The Biofuel industry in the US is poised for tremendous growth in future. Past trends have shown that the industry is growing at the rate of about 40-50%.
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