Biofuels, an industry with unbelievable amount of potential for growth. With emissions climbing, global warming becoming more apparent each year that goes by, it is to no surprise that growth in Biofuels will be increasing and continue to increase. As well as governments making and amending regulations on fuels, emissions, storage, and environmentalists voicing their concern, we can only conclude the direction for Biofuels is up.

Key Takeaways:

  • fuel is mainly available in two types such as bioethenol and biodiesel, which are primarily used in automotive, marine and railway.
  • Biofuel market has witnessed significant growth in recent years on account of rising environmental awareness and strong demand from automotive sector.
  • North America has witnessed strong biofuels demand over the recent past years on account of stringent government policies and environmental awareness.

“North America has witnessed strong biofuels demand over the recent past years on account of stringent government policies and environmental awareness. Asia Pacific is expected to experience significant growth in biofuels consumption.”

http://acapmag.com.au/home/2016/09/biofuels-market-expected-witness-significant-growth-forecast-period-2016-2021/

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