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Canada Poised to Increase its Ethanol Production
Jul 23, 2010
Canada is among the world leaders in ethanol production and is strengthening its position in the global ethanol market. The country has been consistently increasing its ethanol production capacity for the past few years. According to our research report “Global Biofuel Market Analysis”, ethanol production in Canada is projected to grow at a CAGR of 21.3% during 2010-2013. Increasing production capacity, government support and feedstock production will raise the ethanol production in Canada.
The report also reveals that corn and wheat are the main feedstock used for ethanol production in Canada. Moreover, 70% of the ethanol comes from corn and the rest is fulfilled by wheat. As per the report, demand for feedstock will grow in the coming years due to growth in the production of ethanol. Our industry experts state that the country has formulated comprehensive trade policies in order to boost its ethanol production.
We have also found that Brazil will also witness significant growth in biofuel production in the years to come. The country is preparing to boost biofuel production in order to fulfill its domestic production. According to the report, ethanol production in Brazil is projected to grow at a CAGR of around 6.2% during 2010-2013. Due to the government support, large sugarcane crops and high sales taxes on gasoline, Brazil will see an upsurge in the ethanol industry.
“Global Biofuel Market Analysis” also studies various market trends prevailing in the industry and analyzes their importance for raising biofuel production in the next few years. The report thoroughly analyzes market and regulatory trends of 18 biofuel producing countries across the world. Besides, the report provides information about recent changes in tax structure and their implications on biofuel production in respective country.
The reportcovers information about industry growth drivers for biofuel production in different countries. Our team of experts has put their utmost effort in order to make this valuable report which will certainly help clients in making prudent investment decisions.
For more information visit: http://www.rncos.com/Report/IM098.htm
For more information visit: http://www.rncos.com/Report/IM098.htm
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