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Hart Releases Global Biofuels Outlook Report
Posted by Joanna Schroeder – September 24th, 2010Despite the growing number of people who are calling for a global halt or scale back of biofuels development, global biofuel demand is still expected to grow. Biofuel use is projected to grow by 133 percent by 2020, primarily driven by government policies and renewable fuel mandates. However, despite the growing demand, the market is expected to be short by more than 8 billion gallons during this same time frame. This according to the newly released Hart report Global Biofuels Outlook, 2010-2020: Projecting Market Demand by Country, Region and Globally. The report looks at biofuel supply and demand in four key global regions and 35 countries.
"Many countries are projected to find themselves with a supply deficit for ethanol and biodiesel by 2020," said Tammy Klein, Assistant Vice President, Hart Energy Consulting, and global study leader. "This deficit is worse for ethanol than for biodiesel," she said.
Read more: http://domesticfuel.com/2010/09/24/hart-releases-global-biofuels-outlook-report/ (link to brochure page above corrected from original article)