The year 2005 saw the emergence of European Union as the world's largest producer of Biodiesel, with an increase of 66% in the output.
The year 2005 saw the emergence of European Union as the world's largest producer of Biodiesel, with an increase of 66% in the output. The figures for overall production of the 'green fuel' stood at 3.4 Mn tons in the previous year.
The research report, "Biofuel Market Worldwide (2006)" by RNCOS, undertakes an analysis of the market trends in the Biofuel Industry. It finds out that even among the European union the market is dominated by the major players. Germany remains the undisputed leader in terms of the production. In 2005 the sales of Biodiesel production exceeded even one million tons.
On the basis of the cost analysis of Biofuel and the market trends in the Biofuel Industry, the demand for these fuels are likely to increase at a steady rate of more than 34% for the period from 2006-2010. As Biofuel is becoming highly efficient, production is expected to step up to 12 Mn tons by the end of 2010.
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Global Biofuel Market Analysis
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Russian Oil and Gas Industry Analysis
