May 2008

Trends and Resources

HP Impact: HPImpact: By 2011, world biofuels demand to reach 92 million metric tons

World demand for biofuels will expand nearly 20%/yr to 92 million metric tons in 2011, despite recent concerns about the impact of biofuels on the environment and world food supplies. A recent outlook..

Weirauch, Wendy, Hydrocarbon Processing Staff

World demand for biofuels will expand nearly 20%/yr to 92 million metric tons in 2011, despite recent concerns about the impact of biofuels on the environment and world food supplies. A recent outlook from The Freedonia Group (www.freedoniagroup.com) forecasts that market expansion will come from more than a doubling of the world market for bioethanol and even faster increases in global biodiesel demand. Asia-Pacific and Western Europe will see even faster advances, although absolute gains will trail the larger North American market. Similarly, increases in the small Africa/Middle East and Eastern Europe markets will be well above average. Growth in Latin America will be modest, a conseque

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