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News Release from: Helmut Kaiser Consultancy | Subject: Biofuels
Edited by the Processingtalk Editorial
Team on 13 February 2008
Biofuel markets are booming worldwide
More than 2000 biofuel plants exist in 2007 worldwide, with USD8.5billion worth of investments have been made in biofuel plants, and there will be high growth to 2025
More than 2000 plants exist in 2007 worldwide, with USD8.5billion worth of investments have been made in biofuel plants, and there will be high growth to 2025 A new study by Helmut Kaiser Consultancy on the biofuel markets says biofuel is shaping the future strategies of the automobile industry and manufacturers, biomass producers as well as suppliers
This article was originally published on Processingtalk on 4 May 2004 at 8.00am (UK)
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USD8.5billion worth of investments were made worldwide in biofuel plants up to 2007.
The 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 percent annually.
About 50billion litres ethanol and 11billion litres biodiesel were produced in 2007 with growth rates of over 15percent until 2025.
More then 2000 plants exist in 2007 worldwide and thousands will be build in the next years.
65 percent are ethanol plants, 35 percent for biodiesel and others.
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 optimised to produce higher output and need less water.
The biofuel industry is a high tech industry with million of jobs and new technologies and suppliers along the value chain.
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