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

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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. Pike Research estimates that. continue to pour into the industry.

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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. Multiple aims include the reduction of dependence on imported oil, mitigation of greenhouse gas (GHG) emissions, and driving economic development. The number of off-take agreements with oil and chemical will increase, confirming the trend.

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