Biofuel markets booming worldwide
The biofuel markets are booming worldwide, but many technologies and systems are still open. Biofuel is shaping the future strategies of automobile industry and manufacturers, biomass producers as well as suppliers. US$8.500 billion worth of Investments were made worldwide in biofuel plants up to 2007, according to a new study by Helmut Kaiser Consultancy.
Government policies to promote biofuel have certain targets for future shares or amounts of biofuel blending biofuels with conventional vehicle fuels, in 15 developing countries in Latin America and Asia, and in 39 states in Canada, India, and the US, Europe and China.
In the long term China will become a leading market for biofuel. The consumption of fuel has increased by 20 to 30 per cent annualy. The investments in China are estimated to be over US$ 100 billion per year for new plants.
About 50 billion litres ethanol and 11 billion litres biodiesel were produced in 2007 with growth rates of over 15 per cent until 2025. More then 2000 plants exist in 2007 worldwide and thousands will be build in the next years.
Sixty-five per cent are ethanol plants, 35 per cent for biodiesel and others in 2007. Energy security, environment protection and climate change are the key driving factors for this development.
Existing technologies and systems of plants will partly change and processes will be cheaper. The biomass used will be optimized to produce higher output and need less water. The biofuel industry is a high tech industry with million of jobs and new technologies and supplier along the value chain.
<a href="http://www.hkc22.com"target=_blank>Helmut Kaiser Consultancy</a>