(Notícia em Inglês)
A recent study done by Pike Research indicates the fact that the market for biofuel will grow to double the current size in just 10 years. Forecasts show the value will rise to a global value of 183.3 billion dollars by 2021. This represents a major increase from today´s value of 82.7 billion dollars.
From the total amount, ethanol will total 78 billion dollars, while biodiesel is expected to reach 25.5 billion dollars in worldwide trading. According to the same study, the USA is favored to become the world leading biofuel producer, with some 71 percent of alternative fuel to originate from here.
Already this tendency can be observed. 80 percent of the corn produced in the United States of America is used in the making of biofuels. This means that only the remaining 20 percent is used for human and animal consumption. As a resulting fact, the US have exported last year alone 1.5 billion gallons of ethanol.
auto-types.com»
A recent study done by Pike Research indicates the fact that the market for biofuel will grow to double the current size in just 10 years. Forecasts show the value will rise to a global value of 183.3 billion dollars by 2021. This represents a major increase from today´s value of 82.7 billion dollars.
From the total amount, ethanol will total 78 billion dollars, while biodiesel is expected to reach 25.5 billion dollars in worldwide trading. According to the same study, the USA is favored to become the world leading biofuel producer, with some 71 percent of alternative fuel to originate from here.
Already this tendency can be observed. 80 percent of the corn produced in the United States of America is used in the making of biofuels. This means that only the remaining 20 percent is used for human and animal consumption. As a resulting fact, the US have exported last year alone 1.5 billion gallons of ethanol.
auto-types.com»