Last update: 09.07.2011
Demand for biofuels expected to rise 20%-30% annually
Source : hannelnewsasia.com
This week, the European parliament voted for new rules that require lower emissions from commercial vehicles. With governments globally continuing to set stiff targets for the use of clean energy, Biofuels Asia - a Singapore-based clean-energy company - is betting on Jatropha, a hardy plant that is a source of biodiesel. One of the reasons Jatropha is gaining ground as a biodiesel alternative is that it can grow on tougher soil conditions. Biofuels Asia said it expects demand for biofuels to increase between 20 and 30% annually for the next decade. And it is rooting for Jatropha to tap that potential. Richard Yong, CEO, Biofuels Asia, said: "The Europeans have come up with a renewable energy directive, which basically says by the year 2020, 20% of their energy has to come from green and renewable sources such as biofuels. So we'll see the demand growing."
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2 March 2011 |
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Articles in the category 'Figures' (74 articles)
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