Biofules Global Market to touch 59 billion gallons by 2020
Industry Experts, a multi industry focused market research firm, has today added a new market research report ‘ Biofuels – A Global Market Overview ’ to its Biotechnology catalogue. The concept of biofuels has existed since the invention of the motor vehicle. For instance, at the beginning of the 20th century, Henry Ford intended to power his Model Ts with ethanol, and initial diesel engines used peanut oil for running. With the discovery of enormous deposits of petroleum, gasoline and diesel was available cheaply, thereby relegating biofuels to the background. However, the recent spurt in oil prices, coupled with mounting concern related to global warming associated with carbon dioxide (CO2), emissions have resulted in the reemergence of biofuels as viable alternatives. This report analyses the global market for Biofuels and the product segments analyzed in this report include Ethanol and Biodiesel . Rich statistical analysis is carried out for the global and the regional market...