31 Aug '15, 10am

#Lux: Global #biofuels capacity to grow to 61.4 BGY in 2018; driven by novel fuels and feedstocks

#Lux: Global #biofuels capacity to grow to 61.4 BGY in 2018; driven by novel fuels and feedstocks

Lux: Despite softness in utilization, global biofuels capacity to grow to 61.4 BGY in 2018; driven by novel fuels and feedstocks 31 August 2015 The global biofuels industry averaged 68% in utilization rate from 2005 to 2014, reached a high of 80.9% in 2007, dropped to a low of 56.9% in 2012, and climbed slightly back to 60.4% in 2014. Despite the still apparent softness in capacity utilization, and the on-going softness in fossil fuel prices, global biofuels capacity will continue to grow from 55.1 billion gallons per year (BGY) to 61.4 BGY in 2018, according to a forecast by Lux Research. However, Lux predicts, growth between now and 2018 will not be a continuation of current course. While ethanol and biodiesel will continue to dominate in absolute terms, these will grow at only a 1.5% CAGR through 2018. Novel fuels and feedstocks will drive the biofuels industry forward ...

Full article: http://www.greencarcongress.com/2015/08/20150831-lux.html

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