Ethanol nears 30 billion gallons by 2012
The ethanol market is set to swell to 27.7 billion tonnes over the next four years, a report by Global Industry Analysts finds.
Fuel-ethanol is experiencing great interest brought on largely by the ban on MTBE in several countries and its resulting replacement with ethanol.
In the US, the renewable fuels standard mandates the use of approximately 8 billion gallons of ethanol by the year 2012.
Consumption of ethanol will be upheld by government subsides, and incentives which are being offered at both the state and federal levels in most countries.
The rising popularity of flexible fuel vehicles (FFVs) and oxydiesel, a blend of ethanol and diesel fuel, are also expected to improve the world ethanol market.
South America and the US dominate the world ethanol market, accounting for 66.5% of total volume sales estimated in the year 2008. Approximately 90% of ethanol demanded in South America is consumed by Brazil.
Ethanol consumption in Brazil is expected to reach 7.45 billion gallons by 2015.
Sales of ethanol in Canada, one of the fastest growing markets worldwide, are expected to rise by approximately 208.25 million gallons between the period 2008 to 2012.
In the fuels end-use market, volume consumption of ethanol is projected to rise by about 7,597 million gallons between the period 2008 to 2012.
Asia-Pacific dominates the global food and beverage end-use market with a 64.2% share estimated in the year 2008.
In Europe, Germany and France collectively account for 35.5% of the regional ethanol market as estimated in 2008.
Fuel-ethanol is experiencing great interest brought on largely by the ban on MTBE in several countries and its resulting replacement with ethanol.
In the US, the renewable fuels standard mandates the use of approximately 8 billion gallons of ethanol by the year 2012.
Consumption of ethanol will be upheld by government subsides, and incentives which are being offered at both the state and federal levels in most countries.
The rising popularity of flexible fuel vehicles (FFVs) and oxydiesel, a blend of ethanol and diesel fuel, are also expected to improve the world ethanol market.
South America and the US dominate the world ethanol market, accounting for 66.5% of total volume sales estimated in the year 2008. Approximately 90% of ethanol demanded in South America is consumed by Brazil.
Ethanol consumption in Brazil is expected to reach 7.45 billion gallons by 2015.
Sales of ethanol in Canada, one of the fastest growing markets worldwide, are expected to rise by approximately 208.25 million gallons between the period 2008 to 2012.
In the fuels end-use market, volume consumption of ethanol is projected to rise by about 7,597 million gallons between the period 2008 to 2012.
Asia-Pacific dominates the global food and beverage end-use market with a 64.2% share estimated in the year 2008.
In Europe, Germany and France collectively account for 35.5% of the regional ethanol market as estimated in 2008.
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