Biodiesel Production in France to Double by 2013

According to our research “Global Biofuel Market Analysis”, biofuel production in France is expected to double by 2013. Main factors responsible for the upsurge in production are replacement of fossil fuels, government’s concerns over green house gas emission reduction targets, and increasing usage in transportation. France opted to use biofuel as a blending component in conventional gasoline and diesel fuel because it does not require vehicle modifications and the existing fuel distribution infrastructure can be used as it is. Country’s biodiesel production capacity had already grown at a skyrocketing rate of around 47% during 2005-2009.

 

Our report reveals that, the entrance of new players and blending mandate requirement were the main factors responsible for the growth during 2005-2009. The government of France has set production quotas for biodiesel. In addition, the government aims to double the proportion to 7% of biofuel in petrol by 2010 as part of the country's efforts to fall in with the European Union’s aim to reduce the bloc's carbon footprint. According to the report, most of the biodiesel is consumed for domestic usage in France and has ample scope for growth in the coming years.

 

The government has set targeted levels of biofuel incorporation in transportation fuel. Furthermore, fuel blending companies receive favorable tax treatment on a limited quantity of biofuel blended at the targeted incorporation rate to reach these objectives. Besides, the country is going to adopt second generation alternatives as they rely on the processing of crop by-products like stems, leaves, and husks. It could reduce the potential impact on grain supply and prices.

 

“Global Biofuel Market Analysis” provides thorough study of biofuels including Ethanol, biodiesel, and second generation biofuels. The report studies production, consumption, trade, and government policies in the US, Brazil, Canada, Australia, China, India, Thailand, Japan, Indonesia, Czech Republic, Sweden, Denmark, France, Germany, Italy, Spain, the UK, Argentina, and Malaysia. Additionally, the report provides information on all the prevailing trends in biofuel industry with recent regulatory changes. The report aims to provide the best consultancy in the biofuel industry clients.

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