It is expected that by 2015 the world will consume twice as much biofuel as it consumes now.
Hart Energy Consulting Company predicts that in five years Brazil will become the world’s largest biofuel exporter, as for its consumption – the highest rates will be observed in the USA, the increase will constitute up to 30% by comparison with today’s numbers.
The popularity of biofuel will cause the world’s demand for bio ethanol to constitute 12% – 14% of the total need in gasoline by 2015.
Brazil will increase the biofuel production capacities by 30% and double the export. In Europe Germany will remain the leader in this field. The experts predict that the largest volumes of production will belong to biodiesel fuel from palm oil and rape seeds and first generation ethanol. Argentina, Columbia, France, China, Indonesia, Malaysia and Thailand will make their contributions into the development of this industry, too.
However, this doesn’t mean that biofuel industry will thrive in the following decade. Out of 170 biofuel production projects being developed worldwide only 30 per cent are going to be completed by 2015.
