IHS Chemical Week

Markets :: Alternative Fuels :: Bioethanol

Alternative Fuels

1:08 PM MST | December 14, 2007 | Michelle Bryner

Alternative fuels are vying for a spot on the transportation highway as petroleum costs escalate, light oil reserves diminish, and environmental issues raise concerns. Bioethanol, biodiesel, and other alternative fuels will be needed to fill an expected petroleum supply gap, sources say. Global demand for transportation fuels, including alternative technologies, is expected to reach 1,021 billion gals/year by 2030—a 50% increase over 2005 demand, says ExxonMobil, a major blender of ethanol in gasoline. Transportation will be the fastest-growing energy...

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