Biotech Updates

Highlights of US Biofuels Market Analysis

August 15, 2008
http://www.thebioenergysite.com/news/1361/us-biofuel-analysis-shows-strength-and-weakness
http://www.companiesandmarkets.com/Summary-Market-Report/US-Biofuel-Market-Analysis-46826.asp  

The bioenergy website gives some highlights of a study on the United States biofuel market by RNCOS, a market research and information analysis company. Some of the highlights regarding the US biofuels market are: (1) the US biofuel market captures 36% share in global ethanol production, and is ranked as the largest bioethanol producer, (2) the development of the US biofuel industry has been largely driven by recent oil price increases, and also motivated by government support for renewable energy, (3) although corn is expected to dominate as the main ethanol feedstock, “cellulosic ethanol requirements are expected to boom during the period 2008-2017”, and (4) more attention is needed for biodiesel production..