article thumbnail

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

Green Car Congress

Meanwhile, aviation and marine fuel demand could add 200 BGPY or more to global transportation fuel demand by 2021.despite Key trends identified in the report include: Oil prices are expected to climb over the next decade, driving increased interest in. China), increasing opportunities for global trade in ethanol.

Global 253
article thumbnail

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. Meanwhile, aviation and marine fuel demand could add 200 BGPY or more to global transportation fuel demand by 2021. China), increasing opportunities for global trade in ethanol. compound annual growth rate (CAGR) between 2011 and 2021.

Global 225
article thumbnail

DNV GL paper suggests near-term success for LNG in shipping; alternative fuel mix to diversify over time

Green Car Congress

Well-to-Propeller GHG emissions results for marine alternative fuels. DNV GL expects LNG uptake to grow quickly in the next 5 to 10 years, first on relatively small ships operating in areas with developed gas bunkering infrastructure, where LNG prices are competitive to HFO (heavy fuel oil) prices. Source: DNV GL.

article thumbnail

RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

Green Car Congress

Pending a major technical breakthrough, renewable jet and marine fuels will continue to be far more expensive than petroleum-based fuels, Bartis said. Peak oil. In response to these high prices, demand will moderate as petroleum consumers look for transportation options that are more energy efficient. —Bartis 2012.

Price 225
article thumbnail

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

Energy consumption by marine vessels increases from 0.9 T he Brent crude oil spot price declines from $112 per barrel (bbl) (in 2012 dollars) in 2012 to $92/bbl in 2017. After 2017, the Brent spot oil price increases, reaching $141/bbl in 2040 due to growing demand that requires the development of more costly resources.

Oil 290
article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

The increase reflected several influences, according to the report, including a boom in solar installations in China and Japan—totalling $74.9 Additional highlights of the 9 th annual Global Trends in Renewable Energy Investment 2015 report include: China saw by far the biggest renewable energy investments in 2014—a record $83.3

2014 150