There may still be significant questions over issues such as land use and competition for feedstock supplies for traditional food and feed uses, but that won't stop the global use of biofuels from more than doubling between 2009 and 2015.
That's the verdict of a new global analysis released by Hart Energy Publishing's Global Biofuels Centre (GBC) which concludes that the US will see a growth of total biofuel use by more than 35 per cent; while Brazil will increase domestic supplies by 30 per cent and more than double production of palm oil biodiesel. Major contributors to the growth of biofuels are expected to include Indonesia, France, China, Thailand, India, Columbia, Malaysia, the Philippines and Argentina; while Germany is expected to remain the largest producer of biofuels in Europe.
The prediction suggests that first generation ethanol, palm oil biodiesel and rapeseed biodiesel will be the dominant biofuels produced and, out of approximately 170 next-generation biofuel projects around the world, only 30 per cent are expected to be operating during the study timeframe.
According to the Hart Energy Publishing study, there is significant potential in cellulosic ethanol and renewable diesel; these biofuels, when fully commercialised, will command a price premium in the marketplace.
Other key findings of the study include the prediction that Asia-Pacific ethanol production will grow tremendously and could represent as much as 20 per cent of global production by 2015. Meanwhile, if India's own projections are met, it could outpace Brazil in ethanol production by 2015.
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