Release date: 2010-03-25
 

Global Market for Biofuels to Grow 12.9% CAGR to 2015 Says New Report
 

(PRZOOM - Press & Newswire) —  London, United Kingdom, 2010-03-25 - ReportBuyer.com, the online destination for business intelligence for major industry sectors, has added a new report

   
 

Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report "Biofuels - A Global Market Overview”

According to the report “Biofuels - A Global Market Overview” available at the global market for biofuels is projected to grow by a CAGR of 12.9% during the period 2006-2015 to reach US$ 61.5 billion by 2015.

Biofuels have seen a spurt in the US and the EU, with the latter planning to increase its annual production to about 10% of its liquid fuels by 2020. The United States has set up an ambitious target to produce about 8 billion gallons annually by 2012 and about 40 billion gallons by 2022.

Though energy companies are widening their portfolios to include biofuels, the move is fraught by significant challenges such as types of fuels to be used, regulations and regulatory approvals, increased usage of land for cultivating biofuel crops and diversion of food crops for fuel production which is resulting in the increase of food prices.

Biofuels - A Global Market Overview” is available from Report Buyer

Report Buyer (ReportBuyer.com) is the independent online store for global business information. The website now lists more than 120,000 company overviews, market research reports, industry studies and business books from over 300 specialist publishers. Report Buyer is the intelligent way to buy market research online. Browse and choose from a current and comprehensive range of specialised intelligence from leading publishers covering most industry and market sectors. Trusted by information professionals across the world, Report Buyer's mission is to help you find the right business intelligence.

   
 

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