Released on = November 3, 2006, 9:27 pm

Press Release Author = RNCOS

Industry = Energy

Press Release Summary = Ethanol is expected to account for 15% of the gasoline usage
in 2010. This will drastically cut down oil imports from the Middle East and other
oil rich regions.

Press Release Body = The energy market has been pretty volatile with escalating oil
prices and sinking gas prices. This July, the US Commerce Department reported that
the country’s oil import bill has ascended to nearly 5% and the daily oil
consumption stands at a whopping one billion dollars.
Consumers may be relishing the present downturn in the gasoline prices in the US
markets but that should not imply that domestic energy policies overlook renewable
energy.

Tom Slunecka, the executive director of EPIC (Ethanol Promotion and Information
Council) says “Ethanol is going to play a key role in America’s energy
future”. He further added that the availability of ethanol to consumers is
expanding with benefits to both the economy as well as the environment.

President Bush in an address outlined the ambitious goal of replacing as high as 75%
of the oil imports from the Middle East by 2025. Middle East supplies nearly 17% of
the total U.S oil imports. US Ethanol production has grown by nearly 50% within the
period since July 2006.

RNCOS’ recent report “Biofuel Market Worldwide (2006)”, talks
about the emerging market prospects of ethanol. Since ethanol is used as oxygenate
for conventional gasoline, the rise in gasoline consumption is in turn going to
drive ethanol demand.

US Ethanol market is predicted to grow almost at the rate of 18.5% and by the year
2010 the market demand will stand at around 9.5 Billion Gallons.

The research report also addresses the issues and facts that are critical to
business success, such as:

- The Key market trends in Biofuel industry.
- The existing cost analysis of Biofuel.
- The regional market variations with respect to government policies.
- The expected face of the Biofuel market within the next four years.
- The driving factors for the Worldwide Biofuel market.
- The other economic factors affecting the prospects of the Biofuel Market.
-The various government support programs and Major Biofuel projects.

The report “Biofuel Market Worldwide (2006)” provides an updated and
detailed overview of the world Biofuel market. It examines the emerging trends and
provides exclusive forecasts, region wise snapshots of different product categories
across the world.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

To purchase your copy: http://www.rncos.com/Report/IM043.htm

For more information about the report please visit www.rncos.com

To get the latest news on Energy Sectors worldwide, please visit our newly launched
blog section at http://www.rncos.com/Blog/energy.html


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com