Biofuel Production: Biofuels Will Grow to 6% of World's Liquid Fuel by 2020

SAN FRANCISCO, CA, May 14, 2011 (Press-News.org) It's not about green sentiment, anymore. It is about national energy insecurity and being part of a huge emerging market of a kind that happens once in a century and promises vast riches beyond imagination. The global biofuel production is estimated to reach 1,900 Million barrel in 2020, at a compound annual growth rate (CAGR) of 10% over the forecast period 2015 - 2020. These are conclusions of a new report Global Biofuel Production Forecast 2015-2020 released by Market Research Media.

What does this estimate mean?

- It's about 6% of the world's estimated liquid fuel production in 2020;
- It's about half of the current Saudi oil production;
- It's about half of the current U.S. oil imports;
- It's a game changer in geopolitical and economic sense, a mighty leverage against petroleum cartel, a balancing force in national wealth transfer and once-in-a-lifetime market opportunity along the entire biofuel supply chain.

The past decade has seen soaring oil prices, Middle East turmoil, government biofuel incentives, cleantech venture investments and maturing technologies, all these factors contributing to the critical mass necessary to launch the biofuel market, once and forever.

The report provides:

- Six-year detailed global biofuel production forecast for the period 2015-2020;
- Biofuel production by geographic regions: North America, Europe, Asia/Pacific, Latin America, Middle East and Africa;
- Biofuel production segmentation by ethanol, biodiesel and butanol;
- Bioethanol production segmentation by sugarcane, corn, cellulosic ethanol, algae ethanol and ethanol from other agricultural feedstocks;
- Biodiesel production segmentation by vegetable oil feedstocks, jatropha oil, algae biodiesel and cellulosic biodiesel.
- Biofuel Capex investments and R&D spending.

http://www.marketresearchmedia.com/2011/05/12/biofuel-market/

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