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Frost & Sullivan
Government Mandates Create Guaranteed Market for Bio-Fuel, Says Frost & Sullivan
July 12th, 2009
Globally, the largest market for bio-diesel is the European Union. The EU's commitment to achieve a reduction in CO2 emissions by 8.0 percent between 2008 and 2012 has resulted in the setting of a target of 5.75 percent bio-fuels of all transportation fuel by December 2010 and 10 percent by 2020. Though the United States is a smaller market, it is witnessing rapid growth in terms of both new bio-diesel capacities coming on-stream as well as increased consumption of bio-diesel. Markets in Latin America, especially Argentina and Brazil, are also developing strongly. While the SEA region is still a nascent market for bio-diesel, there are several strong drivers of growth...
Source: Pharma Investments, Ventures & Law Weekly (2009-07-12)
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