By Sam Hopkins
Biofuels have taken some big hits on both practical and public relations points in the past year, but new research says the longer-term outlook for biodiesel and non-ethanol fuels is healthy.
While a major biofuels conference, the Fuel Ethanol Workshop and Expo, took place in Denver last year, Colorado’s Pike Research issued its new assessment of how food, waste, and farmable feed stocks can become an integral part of the world’s transportation fuel mix.
From an estimated $76 billion market size in 2010, Pike projects $247 billion in biofuel sales by 2020.
And the progression towards that point includes 3 major market-oriented research watersheds:
* Waste grease conversion into fuel (i.e. vegetable oil to biodiesel) will advance to a commercial level in 2010.
* Jatropha, an energy-rich plant that grows wild in warm countries like India and Mexico, will have a “significant impact” in 2014.
* Finally, biodiesel derived from algae will become commercially viable in 2012 and strengthen further through 2016.
As Pike Research affirms, Brazil is squarely in the international biofuel leadership, and other countries will need to stimulate home-grown biofuels in order for a competitive international industry to truly flower.
And in the U.S., the scenario includes much more than corn ethanol.
Read the full article here: www.energyandcapital.com
Biofuels are a wide range of fuels which are in some way derived from biomass. The term covers solid biomass, liquid fuels and various biogases. Biofuels are gaining increased public and scientific attention, driven by factors such as oil price spikes, the need for increased energy security, and concern over greenhouse gas emissions from fossil fuels.
Sceptre Group Limited is a specialist investment firm focused in low carbon financial investments such as sustainable biofuel plantations, agricultural farmland and green technologies. For more information, please visit our website: www.sceptreinternational.com