SOURCE: SBI

SBI

September 14, 2009 11:23 ET

U.S. Leads World Biomass Production and Consumption

NEW YORK, NY--(Marketwire - September 14, 2009) - Premier energy market research publisher SBI has just released a new report: "Global Biofuels Market: Opportunities, Emerging Technologies and Production." Offering the most current and comprehensive treatment of the biofuels market available, SBI delves into the global efforts to develop technologies that improve the refining processes associated with many different types of biofuels and its growing consumption among nations throughout the next few decades. Worldwide data is provided on biorefineries, conversion and separation technologies, manufacturing, research and development, organic biofuels, capacity, components and competition.

Biomass is poised to become a significant source for renewable energy production during the next decade with the U.S. leading the growing global commitment to biofuel use. As the leading producer and consumer of bio-based renewable energy, the U.S. is driving biomass activity levels within its military, Department of Energy (DOE) and the U.S. Department of Agriculture (USDA).

Biomass currently comprises 10% of total renewable energy generation in the U.S. SBI forecasts the market will claim a 12.5% share by 2014, attributing the increase in generation to accelerated efforts among bioenergy companies to generate electricity and liquid biofuels more efficiently and economically. "Global Biofuels Market: Opportunities, Emerging Technologies and Production" examines the industry components, competitors, growth and innovations through expert primary research and analysis.

"Rapid growth of organic biomass manufacturing, especially corn and non-food sources such as forestry products and tallow, will be evident through 2014," says Shelley Carr, publisher of SBI. SBI projects the $103 billion biofuels market will exceed $170 billion by 2014, with the fastest growth for bio-based energy manufacturing in regions such as China and India.

Outside the U.S., nations worldwide are investing in the research and development of technologies and processes that convert biomass into electricity-generating resources and usable liquid biofuels, including ethanol and biodiesel. Developing innovative and sustainable biomass separation technologies that minimize impact on local environments and reduce the threat to diminished food supply and other natural resources will become a key factor for the long-term industrial and commercial success of the biofuels industry.

For further information, visit: http://www.sbireports.com/redirect.asp?progid=76026&productid=1926676.

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