SBI has new report on global biofuels markets

September 15, 2009
Sep. 15, 2009, New York - Energy market research publisher SBI has released a new report: Global Biofuels Market: Opportunities, Emerging Technologies, and Production. Offering a current and comprehensive treatment of the biofuels market, SBI delves into the global efforts to develop technologies that improve the refining processes associated with many different types of biofuels and their growing consumption among nations throughout the next few decades. Worldwide data are provided on biorefineries, conversion and separation technologies, manufacturing, research and development, organic biofuels, capacity, components, and competition.

Biomass is poised to become a significant source for renewable energy production during the next decade, with the United States leading the growing global commitment to biofuel use. As the leading producer and consumer of bio-based renewable energy, the United States is driving biomass activity levels within its military, Department of Energy, and U.S. Department of Agriculture.

Biomass currently composes 10% of total renewable energy generation in the United States. SBI forecasts that the market will claim a 12.5% share by 2014 and attributes the increase in generation to accelerated efforts among bioenergy companies to generate electricity and liquid biofuels more efficiently and economically. The report examines the industry components, competitors, growth, and innovations through primary research and analysis.

"Rapid growth of organic biomass manufacturing, especially corn and nonfood sources such as forestry products and tallow, will be evident through 2014," says Shelley Carr, SBI publisher. SBI projects that the $103 billion biofuels market will exceed $170 billion by 2014, with the fastest growth for bio-based energy manufacturing in regions such as China and India.

Outside the United States, nations worldwide are investing in the research and development of technologies and processes that convert biomass into electricity-generating resources and usable liquid biofuels, including ethanol and biodiesel. Developing innovative and sustainable biomass separation technologies that minimize negative effects on local environments and reduce the threat to diminished food supply and other natural resources will become a key factor for the long-term industrial and commercial success of the biofuels industry.

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