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Global Biofuel Market - Growing Mainstream Through Government Support

Press Release   •   Dec 20, 2013 10:31 IST

 The future projections are included to provide an overview on the prospects and expected growth drivers in the global biofuel industry.
 The global biofuel industry is a fragmented market with the presence of large number of players such as POET, Archer-Daniels-Midland (ADM), Abengoa Bioenergy, Green Plains Renewable Energy, Cosan and others. POET is the leading first generation biofuel producer in the market with the production capacity of 1.6 billion gallons per year. Archer Daniels Midland (ADM) is the second largest biofuel producer in the world with the production of around ~ thousand barrels per day and a market share of ~% in 2011. ADM is the leading bio diesel producer in Europe with the world largest bio diesel production facility in Hamburg, Germany.
 Over the coming years, the production of biofuel in the global market are projected to rise at a CAGR of 12.5% in the next five years due to an increasing carbon gas emission, reducing oil imports and oil dependence, diversification of energy supply and the development of the rural sector.
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