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Pike Research forecasts global biofuels market to double by 2012 to $185.3B

Green Car Congress

Although many feedstocks, technologies, and conversion pathways are currently sharing the same tent, the current decade is shaping up to be one of shakeouts, as early bets on cellulosic technologies reach commercial production and significant investments from oil majors and multinationals. commercialization. and biodiesel.

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Pike Research forecasts global biofuels market value to double to $185B by 2021

Green Car Congress

between 2017 and 2021, as a combination of higher oil prices, emerging mandate. Given the scale of development, to date, and the crystallization of interests among a diverse range of stakeholders, widespread biofuels commercialization is no longer a question of “if’’, but “when”. A more robust growth is expected.

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