Emerging Markets Online Announces Biodiesel 2020: A Global
Oil and Gas Online (press release) - Horsham,PA,USA
Houston, TX - Emerging Markets Online, an energy intelligence agency and management consulting firm, announced the release of Biodiesel 2020: A Global Market ...
Houston, TX - Emerging Markets Online, an energy intelligence agency and management consulting firm, announced the release of Biodiesel 2020: A Global Market Survey. The survey is designed to help financiers, producers, developers, distributors, consultants and analysts with a fact-filled market guide detailing medium and long-term trends and developments in the global Biodiesel sector, according to Emerging Markets Online. The study focuses on market fundamentals, emerging trends, long-term forecasts and scenarios, and case studies of existing and emerging biodiesel producers, adds the firm.
"The global market for biodiesel is poised for explosive growth in the next ten years. Although Europe currently represents 90% of global biodiesel consumption and production, the U.S. is now ramping up production at a faster rate than Europe, and Brazil is expected to surpass U.S. and Europe by the year 2015," says William Thurmond, Author of Biodiesel 2020 and Director of Management Consulting at Emerging Markets Online.
Currently, the U.S. is the fastest growing biodiesel market in the world, according to Emerging Markets Online. From 2004 to 2005, biodiesel consumption in the U.S. grew from 25 million gallons per year to 78 million gallons in 2005. Demand for biodiesel in the U.S. has grown so fast in the first half of 2006 that the sixty major biodiesel plants are barely able to keep up, adds the firm. To meet this demand, over fifty new, larger-scale plants are in construction. The retail market for biodiesel in the U.S. grew more than three fold from 300 retail sites in 2005 to over 950 sites so far in 2006. The U.S. market has significant amount of room to grow to reach the status of its European counterparts. In Europe, biodiesel represents 2% of total on-road fuel consumption and is expected to reach 6% by 2010. The total biodiesel being sold in the U.S. amounts to less than 1/2 of 1% of all petro-diesel on-road, according to Emerging Markets Online.
In China, India, Brazil and Europe biodiesel is becoming increasingly important as governments enact new alternative fuels policies and targets to offset energy security and environmental concerns. The survey finds that by the year 2020, Brazil is expected to produce the largest volume of biodiesel in the world; and if China meets its targets, it will eventually become the largest consumer of biodiesel in the world, surpassing Europe and the U.S. by 2020, according to Emerging Markets Online.
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Posted by Vince to Biodiesel News at 9/18/2006 08:03:00 AM
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