Biofuel ManufacturingPublished by: First Research, Inc. Published: Dec. 10, 2012 - 10 Pages Table of Contents
AbstractBrief Excerpt from Industry Overview Chapter:Companies in this industry produce ethyl alcohol, known as ethanol, and biodiesel fuel. Major biofuel producers include US-based Green Plains Renewable Energy and Pacific Ethanol; Cosan and Copersucar (headquartered in Brazil); and Abengoa (Spain); as well as units of traditional fuel makers like Valero and Chevron and crop processors like Archer Daniels Midland and Bunge Limited (all based in the US). Worldwide, the biofuel market generates about $83 billion in revenue, according to Clean Edge. Brazil, the EU, and China are the largest biofuel manufacturers internationally. Global production is expected to increase due to concerns about the environment and fossil fuel dependence as well as from new government tax incentives and subsidies for the biofuels industry. The US biofuel manufacturing industry includes about 300 companies with combined annual revenue of about $26 billion and is expected to grow at a high rate over the next two years. Key growth drivers include new markets for byproducts, higher demand for eco-friendly fuel, and investment in next-generation biofuels. COMPETITIVE LANDSCAPE Demand is driven by federal legislation and regulations that establish a government-mandated market for biofuels. The profitability of biofuel production facilities depends on prices of gasoline and diesel, which fluctuate based on world petroleum demand and domestic refinery use. Economies of scale in ethanol production are limited due to the transportation costs associated with gathering feedstocks (corn and other biomasses) and transporting the ethanol to blending sites. Small companies can compete effectively... Get full details about this report >> |
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