Global Ethanol, Biodiesel Consumption 135 Bln Gallons By 2018
From Biodiesel Magazine
Global Industry Analysts Inc. has released a comprehensive global report on ethanol and biodiesel markets. The global consumption of ethanol and biodiesel is projected to reach 135 billion gallons by the year 2018. Biofuels are fast growing to become a prominent alternative energy resource, driven mainly by the growing environmental concerns with regard to the usage of fossil fuels. Besides environmental concerns, limited fossil fuel resources, complete dependence on oil exporting countries for supply, and increase in energy prices are the other factors expected to drive production as well as consumption of biofuels in the near future.