Report: Biofuels market growth expected despite challenges

By | August 10, 2009
A new report from Pike Research forecasted combined sales from the biodiesel and ethanol markets to reach $247 billion by 2020, despite industry challenges. This represents a $76 billion growth from predicted sales for 2010. The report states challenges facing the biofuels market as limited availability of inexpensive feedstocks, the food verses fuel debate, petroleum price volality and overcapacity of production. The report, "Biofuels Markets and Technologies," examines technologies that will drive the future of the industry, and includes profiles of key players and comprehensive forecasts for biodiesel and ethanol broken down by country and region.