Canadian Biomass Magazine

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Biofuels market to triple by 2020

Aug. 24, 2009 – The widespread excitement surrounding the biofuels market opportunity has been tempered somewhat by its many challenges.


August 24, 2009
By Pike Research

Aug. 24, 2009 – The widespread excitement surrounding the biofuels market
opportunity has been tempered somewhat by its many challenges, which
include limited availability of inexpensive feedstocks, ethical
questions of food versus fuel, petroleum price volatility, global
recession, and overcapacity of production.  However, a new report from Pike Research
forecasts that, despite these significant challenges, the combined
biodiesel and ethanol markets will reach $247 billion in sales by 2020,
up from just $76 billion in 2010. | READ MORE


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