World Biofuel Demand Continue to Rise Through 2018

Sep 4, 2014 : Bharat Book Bureau presents the new report, on "World Biofuel”. Healthy growth will also occur in the Asia/Pacific and Central and South America regions where a number of countries will rely on biofuels to help meet rising motor vehicle fuel demand.

World demand to be driven by government policies

World biofuel demand will continue to rise through 2018, supported by government policies designed to promote energy independence, support domestic agriculture, and reduce the emission of global warming gases. Healthy growth will be experienced in all regions with the exception of North America, where conflicting government regulations and waning public support in the United States -- the world’s largest market for biofuels -- will limit advances. Increases in biodiesel demand will outpace those of bioethanol, reflecting greater global growth in distillate fuel consumption. However, next generation advanced biofuels such as biobutanol, renewable diesel, and biocrude-derived diesel and gasoline will see the fastest growth.

European countries to post strong demand growth

Long term policy goals targeted at ensuring energy security and reducing greenhouse gas emissions will continue to be the primary driver of biofuel demand growth going forward. Strong growth in Western Europe and the European Union (EU) member countries of Eastern Europe will reflect EU efforts to source 20 percent of their energy needs from renewable resources by 2020. However, to fully meet this goal, EU member countries may be forced to relax their position on minimizing the use of biofuels associated with indirect land use change. Healthy growth will also occur in the Asia/Pacific and Central and South America regions where a number of countries will rely on biofuels to help meet rising motor vehicle fuel demand. Similar policy goals will drive gains in the Africa/Mideast region, albeit from a very small base.

North America to show limited biofuel gains

Contrasting the growth...