(Notícia em Inglês)
Experts are predicting that China is gearing up for a biodiesel production "boom".
"China has reached the highest figures of automobile units sold thus becoming the largest automotive market leaving even the USA behind. Given the latest concern of the Chinese government in ecological security, biodiesel market boom is projected for the country along with vast investments influx," according to Merchant Research & Consulting.
The analyst company's new report, Biodiesel World Market Outlook 2011, noted that in 2010 the revenues on the global market for biodiesel were estimated to be more than $18bn. It goes on to predict that this figure will grow "unprecedentedly" in the coming years - the revenues are forecast to climb to the peak of $70bn.
"New-age technologies coupled with economical and ecological advances will further on play in favour of biodiesel market development and growth. Newer feedstock sources such as waste grease, algae, and jatropha are undoubtedly posed to spur the market too," the study stated.
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Experts are predicting that China is gearing up for a biodiesel production "boom".
"China has reached the highest figures of automobile units sold thus becoming the largest automotive market leaving even the USA behind. Given the latest concern of the Chinese government in ecological security, biodiesel market boom is projected for the country along with vast investments influx," according to Merchant Research & Consulting.
The analyst company's new report, Biodiesel World Market Outlook 2011, noted that in 2010 the revenues on the global market for biodiesel were estimated to be more than $18bn. It goes on to predict that this figure will grow "unprecedentedly" in the coming years - the revenues are forecast to climb to the peak of $70bn.
"New-age technologies coupled with economical and ecological advances will further on play in favour of biodiesel market development and growth. Newer feedstock sources such as waste grease, algae, and jatropha are undoubtedly posed to spur the market too," the study stated.
procurementleaders.com»