A recent study, released on 11 October, “Biofuel Markets and Technologies” released by Pike Research states that the global biofuel market will double within the next decade to $183.3 billion from its current level of $82.7 billion, with ethanol production accounting for $78 billion of future worldwide biofuel production, while predicting that biodiesel production will reach $25.5 billion. Perhaps not surprisingly, Pike Research predicts that the US will become the world’s leading biofuel producer, accounting for 71 percent of alternative fuel by 2021.
Colorado-based Pike Research on its website defines itself as “a market research and consulting firm that provides in-depth analysis of global clean technology markets.” How realistic a prediction is this? Many in the media are utilizing the company’s press release on the gist of the report, as one has to be a user to login even to find out the price of the report, which the website helpfully notes, contains 144 “Tables, Charts, Figures.”
So, is America about to go ever more green to raise ethanol? Full article: U.S. Biofuel Production Increase - Fact or Wishful Thinking?
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