Global Biofuels Industry Will Be Far More Difficult than Previously Thought

LONDON, Sep 08, 2008 (BUSINESS WIRE) — Despite the emerging biofuels market, the creation of a global biofuels industry will be much more difficult to achieve than originally thought, according to findings of an Accenture (ACN:
Accenture Ltd. study released today.

Titled “Biofuels’ Time of Transition: Achieving high performance in a world of increasing fuel diversity,” the study reports that although biofuels could make up 10-15 percent of the future fuels mix in the next 10-20 years, getting to that level will be more difficult than previously thought, reflecting the challenges involved in creating full-scale markets in biofuels feedstock, production, transport and distribution.

The study also identifies challenges in three areas that need to be overcome in order for the biofuels market to become a truly global industry:

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