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Global Biodiesel will Triple from 2010 to 2020: 12 Leading Biofuel Tech Firms
Pike Research projects the global biodiesel and ethanol markets will reach $247 billion in sales by 2020, up from $76 billion in 2010.
They see three key waves of biodiesel development over the next several years:
* Fuels based on waste greases will reach market in 2010.
* Jatropha-based fuels will begin having a significant impact on the market in 2014. Jatropha are plants native to Latin America that produced oil used to make biofuels in other countries.
* Algae-based biodiesel will achieve commercial availability in 2012, Pike Research predicts, and will have a larger market impact beginning in 2016.
US is counting on significant cellulose fuels
Twelve firms that are leading the way with new biofuel technology are featured below.
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