Global biofuel use to double by 2015
Global biofuel use is expected to increase two-fold by 2015.
A Hart Energy Consulting report predicts worldwide ethanol demand will represent 12-14% of the global petrol pool by 2015.
While Brazil will remain the world's top exporter of biofuel, the US is expected to see the largest increase in biofuel use per country, increasing its current consumption by more than 30%, according to data from the report.
On the supply side, Brazil is expected to increase its production capacity by 30% and double the amount of biofuel it currently exports, remaining the world's largest biofuels exporter.
Germany will continue to be Europe's largest producer of biofuel.
Other countries predicted by the report to significantly begin contributing to the world's biofuel production by 2015 are: Argentina, China, Colombia, France, Indonesia, Malaysia, the Philippines, and Thailand. Hart also said that while India is expected to see tremendous growth in biofuel production it saw its predictions of soon outpacing Brazil as the leading exporter as too optimistic.
In terms of which type of biofuels will be at the forefront of production, the report predicts that palm oil biodiesel, rapeseed biodiesel, and ethanol will dominate.
A Hart Energy Consulting report predicts worldwide ethanol demand will represent 12-14% of the global petrol pool by 2015.
While Brazil will remain the world's top exporter of biofuel, the US is expected to see the largest increase in biofuel use per country, increasing its current consumption by more than 30%, according to data from the report.
On the supply side, Brazil is expected to increase its production capacity by 30% and double the amount of biofuel it currently exports, remaining the world's largest biofuels exporter.
Germany will continue to be Europe's largest producer of biofuel.
Other countries predicted by the report to significantly begin contributing to the world's biofuel production by 2015 are: Argentina, China, Colombia, France, Indonesia, Malaysia, the Philippines, and Thailand. Hart also said that while India is expected to see tremendous growth in biofuel production it saw its predictions of soon outpacing Brazil as the leading exporter as too optimistic.
In terms of which type of biofuels will be at the forefront of production, the report predicts that palm oil biodiesel, rapeseed biodiesel, and ethanol will dominate.
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