|
US & Brazil Biofuel Industries Driving the Global Biofuel Market
The global ethanol production is expected to rise nearly 27,000 Million Gallon by the end of 2014, says "Global Biofuel Market Analysis", a new market research report by RNCOS.
advertisement
According to the report, the global ethanol industry will grow at a rapid pace in coming years (2008-2017) as it is projected that the global oil prices (a major driver for the biofuel industry) have very low chance to slowdown. Moreover, the government policy and new plants will add to the increased ethanol production worldwide.
The report also highlights that the global ethanol production will get the major boost from the US ethanol production base. The US government is offering attractive incentives such as motor fuel excise tax credits, import duties on fuel ethanol imports, small ethanol producer tax credits etc to promote the ethanol production in the country. Furthermore, the government is also planning to implement the use of E85 in vehicles. Due to this move, the domestic demand for ethanol will increase, and therefore, the US has planned to improve its ethanol production base in coming years.
Brazil is following the US as the world's second largest ethanol producer in long run and its future development for ethanol production is expected to be export-oriented, says the RNCOS research. The country has made the use of ethanol compulsory in 1977 and the current legislation requires 20-25% ethanol content in the fuel.
Hence, the US and Brazilian governments' strong support and inclination to use green fuel in their countries will help in increasing the ethanol production through sustainable demand growth.
The report, "Global Biofuel Market Analysis", gives comprehensive and updated informat ion on the world biofuel market. It studies the emerging trends in the worldwide biofuel industry and gives exclusive forecasts on ethanol production, biodiesel production, ethanol consumption, biodiesel demand, biodiesel production capacity and biodiesel demand by regional and globally.
The report also provides region-wise snapshots of different product categories across the world along with their future markets. It also updates on the development of new technologies and biofuel plants (online and/or under-construction).
About RNCOS E-Services Pvt Ltd.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
For more information visit:
http://rncos.com/Report/IM098.htm
Current Industry News:
http://www.rncos.com/blog
Would you like to see your news and articles here? GO>>
Disclaimer: The views and opinions expressed in the research published are those of the individual companies and writers and not necessarily those of Investorideas.com®, or any of the industry sector portals . At the time of publication, writers may hold positions in the stocks or companies mentioned.
Investorideas.com® or any of the industry sector portals cannot assure accuracy of the research presented. Investors are encouraged to research and verify facts and under no circumstances is Investorideas.com® endorsing the content as a recommendation to buy or sell stock.
|
