Aranca | Bio-Fuel Production Rises Drop by Drop

Drop by drop Though the bio-fuel production rises, it is far behind the estimated demand Global Bio-fuel market trends Total Bio-fuel production 2346 2371 2282 2172 2030 1866 1870 2011 2012 2013 2014F 2015F 2016F 2017F Source: OPEC Biofuels is a collective term for liquid fuels derived from renewable sources, including ethanol, biodiesel and other renewable liquid fuels. Widely used bio-fuels are ethanol and biodiesel. Global bio-fuels production is expected to grow 0.5 million barrels per day (mbpd) over the medium-term, with volumes rising from 1.9 mbpd in 2011 to 2.4 mbpd in 2017. This reflects a stronger medium-term growth. 1.9mbpd 2.4mbpd 2011 2017 Production is set to rise .. 13% 13% Others 47% Europe 3% US China 24% Brazil Source: OPEC Global production is set to rise mainly based on higher biodiesel output in the US and Latin America. The US Renewable Fuel Standard, which calls for 21 billion gallons of advanced bio-fuel production by 2022, will help keep the country at the dominant position in the market. ... but demand is rising faster. Even with rapid growth, the industry still may not meet total market needs by 2021. Production volumes are expected to fall short of the estimated global demand of 6.24 mbpd because of a lack of access to inexpensive feed-stocks and difficulty in obtaining financing. Source: OPEC, Clean Technica Compiled by: Abhishek Chauhan ©2014 Aranca. All Rights Reserved.www.aranca.com If you wish to reproduce or use this infographic in any format, please email us at [email protected] T aranca SIE ResaarchAralan Communicuta Thousand Barrels per day