1Q 2013 (Navigant Research)
“Biofuels are becoming big policy and big business as countries around the world look to decrease petroleum dependence, reduce greenhouse gas (GHG) emissions in the transportation sector, and support agricultural interests… “…After more than a decade of healthy growth for conventional biofuels like ethanol and biodiesel, the next wave of advanced biofuels is currently on the cusp of commercial scale-up. Cellulosic ethanol, biobutanol, biodiesel, green diesel, synthetic gasoline, and renewable jet fuel are among the emerging class of advanced biofuels poised for growth…”
click to enlarge“Conventional and advanced biofuels both face a number of headwinds, however, that will cause production to miss policy targets currently in place in more than 65 countries and territories… “Navigant Research forecasts that global biofuels production will reach 61 billion gallons by 2023, replacing nearly 6% of global transportation fuel production from fossil sources and generating $70 billion in new revenue over the next decade. Leading this expansion will be advanced drop-in biofuels production, with a compound annual growth rate of 14% between 2013 and 2023. The United States, Brazil, and the countries of the European Union are expected to remain the leading biofuels markets worldwide…”
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