IHS Chemical Week

EnviroTech :: Alternative fuels

Value of North American Biofuels Market Set to Fall

3:44 AM MDT | March 16, 2009 | Alex Scott

The North American market for liquid biofuels will be worth $34.3 billion in 2013, down from $37.1 billion in 2008, according to the findings of a study by BCC Research (Wellesley, MA), a market research group. The reduction of the market value is equivalent to a fall of 1.6%/year.   Almost 100% of the market is from so called first generation biofuels. Fuels other than first generation biofuels are predicted to increase from $2 million in sales in 2008 to $308 million in 2013.   The most important driver of alternative fuels, including biofuels...

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