North American biofuel production to surge

According to Biofuels Digest magazine, Environmental Entrepreneurs in California has just released its annual survey of advanced biofuels, the Advanced Biofuels Market Report for 2012, and is projecting that, for the US and Canada, advanced biofuels production (qualifying for RFS2 consideration) will increase to at least 1.6 billion gallons by 2015 and on the high end, this number could reach 2.6 billion gallons.

The PwC report points to “sustained manufacturing renaissance in the U.S.”

PwC pointed to agriculture machinery, chemicals, wood, plastics and rubber production among the primary expected beneficiaries of the resurgence, and tipped that “Industrial manufacturers may increasingly rethink their U.S. strategies, including the merits of continuing to separate production and R&D and producing abroad and importing back to U.S. buyers. Depending on the industry, there may be considerable benefits to establishing regionalized supply chains and R&D facilities in the U.S., such as reducing costs, shortening lead times, protecting intellectual property and mitigating many of the risk factors inherent in developing markets.”

Click here to read the full Environmental Entrepreneurs report.

Click here to read the full PwC report.

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