Released on: July 4, 2008, 11:43 pm

Press Release Author: Shushmul Maheshwari

Industry: Energy

Press Release Summary: The global biofuel production is expected to surge to 27,000
Million Gallon by 2014 with strong support from the US and Brazil, favorable
government policies and spiraling crude oil prices.

Press Release Body: The global ethanol production is expected to rise nearly 27,000
Million Gallon by the end of 2014, says “Global Biofuel Market
Analysis”, a new market research report by RNCOS.

According to the report, the global ethanol industry will grow at a rapid pace in
coming years (2008-2017) as it is projected that the global oil prices (a major
driver for the biofuel industry) have very low chance to slowdown. Moreover, the
government policy and new plants will add to the increased ethanol production
worldwide.

The report also highlights that the global ethanol production will get the major
boost from the US ethanol production base. The US government is offering attractive
incentives such as motor fuel excise tax credits, import duties on fuel ethanol
imports, small ethanol producer tax credits etc to promote the ethanol production in
the country. Furthermore, the government is also planning to implement the use of
E85 in vehicles. Due to this move, the domestic demand for ethanol will increase,
and therefore, the US has planned to improve its ethanol production base in coming
years.

Brazil is following the US as the world’s second largest ethanol producer in
long run and its future development for ethanol production is expected to be
export-oriented, says the RNCOS research. The country has made the use of ethanol
compulsory in 1977 and the current legislation requires 20-25% ethanol content in
the fuel.

Hence, the US and Brazilian governments’ strong support and inclination to use
green fuel in their countries will help in increasing the ethanol production through
sustainable demand growth.

The report, “Global Biofuel Market Analysis”, gives comprehensive and
updated information on the world biofuel market. It studies the emerging trends in
the worldwide biofuel industry and gives exclusive forecasts on ethanol production,
biodiesel production, ethanol consumption, biodiesel demand, biodiesel production
capacity and biodiesel demand by regional and globally.

The report also provides region-wise snapshots of different product categories
across the world along with their future markets. It also updates on the development
of new technologies and biofuel plants (online and/or under-construction).

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://rncos.com/Report/IM098.htm
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