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US to Head Biodiesel Market
GLOBAL - The United States is expected to become the largest single biodiesel market by 2012, accounting for roughly 19 per cent of world biodiesel consumption according to a Chemical Economics Handbook by SRI Consulting.It will be followed by Germany and France, the report's authors, Milen Blagoev with Sebastian Bizzari, Ralf Gubler, Chiyo Funada, and Zhang Yi state.
New and large markets for biodiesel are expected to emerge in China and India, since the governments of both countries have announced major biodiesel initiatives.
The combined share of the world's five largest biodiesel markets is expected to decline further.
In 2005, they accounted for approximately 87 per cent of world demand, their share declined to 67% in 2007 and by 2012, they are expected to account for 58 per cent of the world demand.
This is mainly because significant biodiesel markets are expected to emerge in many other countries, including Belgium, the Netherlands, Poland, Hungary, Argentina, Australia, South Africa, Thailand, and Indonesia and Malaysia.
The report adds that since the production costs of biodiesel are higher than those of conventional diesel, biodiesel is not competitive without political support and tax exemptions.
The availability of feedstock and the overall energy balance for biodiesel compared with other alternative fuels are the biggest issues facing the biodiesel industry.
In the long run, fuels derived from biomass-to-liquid (BTL) processes might become favored over biodiesel, since their mass and energy balances are better and they are able to use a wider variety of feedstocks.
Further Reading
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- | You can view our feature on the report by clicking here. |
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