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  January 2011 


   

BP: global biofuel production to reach 6.5 million bpd by 2030

Source : abc.az

BP Energy Outlook 2030 offers great prospects to biofuels (largely ethanol) for the next 20 years, especially in the OECD member countries. BP analysts estimate that global production of biofuel in 2030 is expected to exceed 6.5 million bpd by 2030, up from 1.8 million bpd in 2010. "This fuel will contribute 30% of global supply growth for the reported term and all of the net growth in non-OPEC. The US and Brazil will continue to dominate in production of this fuel; together they account for 68% of total output in 2030 (from 76% in 2010)", BP analysts consider.

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27 January 2011 | Figures :: Biofuels :: International
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