Demand For Biofuels To Grow At Double-Digit Pace

According to a recent study -- World Biofuels -- from The Freedonia Group Inc., a Cleveland-based industry market research firm, growth in world biofuel demand will continue to expand at a rapid double-digit annual pace, reaching 121 million metric tons in 2014.  Bioethanol will experience the greatest gains, as continued steady growth in the large North American market will be accompanied by more rapid advances in the Asia/Pacific region and Europe.  Much faster growth will occur in the smaller biodiesel market as the maturation of biodiesel in Western Europe is offset by robust gains in all other regions. 

Additionally, the study states demand for other biofuels such as biobutanol and renewable diesel will begin to reach commercially significant volumes.  While historically not a factor, global trade in biofuels will rise rapidly going forward as large biofuel consuming countries are forced to seek additional supply, and a number of smaller developing countries seek to exploit biofuel exports.

The global bioethanol industry will continue to be dominated by the United States and Brazil, the world’s two largest consumers and producers of bioethanol.  Delays in the emergence of second generation cellulosic ethanol as a viable alternative to grain-derived bioethanol will create demand for bioethanol derived from sugar cane (made mostly in Brazil) in the United States and Europe.  However, over the longer term this imbalance in demand and production will decline as cellulosic ethanol capacity is brought online and other biofuels begin to compete with bioethanol in the marketplace. 

For more information, or to purchase a copy of the 468-page World Biofuels report for $5,900, visit:

More News:

  • Crystal Ink Detects Funny Money

    New photonic crystal ink developed by a team of Chinese researchers reveals intricate patterns when breathed on, making it extremely hard for counterfeiters to reproduce.

  • IChemE Introduces New Academic Journal

    Sustainable Production and Consumption (SPC), a new academic journal from the Institution of Chemical Engineers (IChemE), in partnership with Elsevier, will launch in 2015 and focus on the importance of sustainability in sectors as diverse as retail, tourism, transport, health, food, energy, construction and the chemical and process industries.

  • Eastman Completes Taminco Acquisition

    Eastman Chemical Company completed its acquisition of specialty chemical producer Taminco Corporation.

  • Vertellus Acquires Dow SBH Business

    Vertellus, a producer of specialty chemicals for the life sciences sector and other industrial applications, signed a definitive agreement to acquire the sodium borohydride (SBH) business, including associated assets, from The Dow Chemical Company.

  • Energy Dept. Awards Pitt Grant To Improve Power Plant Safety

    The U.S. Department of Energy has tapped the University of Pittsburgh’s Swanson School of Engineering to help improve nuclear power plant safety.

  • NABE Forecasts Accelerated Economic Growth In Coming Year

    Economic growth is expected to accelerate in 2015, according to the December 2014 Outlook Survey from the National Association for Business Economics (NABE).

  • CHF Exhibit Features 15th Century Alchemical Manuscripts And Art

    Books of Secrets: Writing and Reading Alchemy, a new exhibit of alchemical art and documents, opened December 5 in the Museum at the Chemical Heritage Foundation (CHF).

  • AIChE Honors Stuart L. Cooper With Founders Award

    The American Institute of Chemical Engineers (AIChE) presented the Founders Award for Outstanding Contributions to the Field of Chemical Engineering, to Stuart L. Cooper, professor and chair of the Department of Chemical and Biomolecular Engineering at The Ohio State University.

  • Economic Reports Show Positive Week

    Economic reports were positive this week for the most part, according to Weekly Chemistry and Economic Trends report from the American Chemistry Council.

  • ACS Names New Executive Director

    Retiring DuPont executive will take helm

All news »

What are your comments?

Join the discussion today. Login Here.


No one has commented on this page yet.

RSS feed for comments on this page | RSS feed for all comments