Some Surprises from Our Annual Outlook Study
This week we will release our annual supply and demand projections for biofuels globally, our Global Biofuels Outlook study, which we have done as a group for the last four years. Some of the great surprises for me revealed from our analyses were:
- The growth that we can still expect in the conventional biofuels arena driven primarily by mandates that currently being implemented around the world - demand for biofuels is going to double over the study time period (2009-2015);
- Asia-Pacific ethanol production will grow tremendously in the coming years and could represent as much as 20% of global ethanol production by 2015;
- Of note, if India’s own projections were realized, it could outpace Brazil in ethanol production and exporting by 2015. Nonetheless, despite India’s ethanol production expansion Hart projects that Brazil will remain the leading global biofuels exporter;
- The U.S. will have to rely on increasing volumes of Brazilian ethanol to meet current targets established by the federal RFS2 (advanced biofuels) and California Low Carbon Fuels Standard (LCFS), but could be in a position to export corn-based ethanol by 2015.
For more information about our study, see http://www.globalbiofuelscenter.com/Spotlight.aspx?Id=32.
Tags: Asia, biofuels, Brazil, global, global biofuels, India, LCFS, Low Carbon Fuels Standard, outlook, renewable fuels, renewable fuels standard, RFS2, study, U.S., United States
