According to a report by Pike Research, the combined global biodiesel and ethanol markets will reach $247 billion in sales by 2020 despite the current lull in industry investment. This would be up from $76 billion in sales projected for 2010.
The company predicts three big waves in biodiesel feedstock development, beginning in 2010 with widespread availability of waste grease biodiesel, followed by major advancements in jatropha biodiesel supply by 2014, climaxing in 2016 when Pike Research predicts commercially available algae biodiesel “will have a deeper effect on the market.”
See Article Here in August 2009 edition of BioDiesel Magazine:
http://www.biodieselmagazine.com/article.jsp?article_id=3600
SkunK
Monday, July 20, 2009
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