October 2008

Trends and Resources

HP Impact: HPImpact: Study: Hard times ahead for biofuels infrastructure

Despite the emerging biofuels market, the creation of a global biofuels industry is forecast to be "much more difficult to achieve than originally thought," according to findings of a recent Accenture..

Weirauch, Wendy, Hydrocarbon Processing Staff

Despite the emerging biofuels market, the creation of a global biofuels industry is forecast to be "much more difficult to achieve than originally thought," according to findings of a recent Accenture study. The study reports that although biofuels could make up 10% to 15% of the future fuels mix in the next 10 to 20 years, getting to that level will reflect the challenges involved in creating full-scale markets in biofuels feedstock, production, transport and distribution. The research also identifies challenges in three areas that need to be overcome in order for the biofuels market to become a truly global industry: Environmental. The growth of biofuels is dependant on making a

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