Biofuel to More Than Double by 2030

Global biofuel production is expected to rise from 1.3 million barrels per day in 2010 to 2.7 million barrels per day in 2030, according to the latest U.S. Energy Information Administration forecast released Wednesday.

But other biofuel-related news that also broke Wednesday indicates that more than doubling the world’s biofuel supply in 20 years won’t be easy.
Oxfam International, a global nonprofit focused on reducing poverty, fanned the flames of the food vs. fuel debate with a study blaming biofuels for contributing up to a 30 percent increase in global food prices.

Meanwhile, ethanol producer VeraSun Energy announced it was going to delay the start up of a 110-million-gallon-per-year factory in Hankinson, N.D. It’s the third plant this month that the company said would be delayed.

Companies have announced a series of cancellations and postponements amid economic difficulties as the cost of the materials used to make biofuels have grown faster than biofuels prices.

Greentech