Future development
Corn and sugar cane are the first generation of bio-ethanol while grass and utilized waste wood are considered the second generation of bio-ethanol. Even though there has been an increased interest for the new generation of bio-ethanol, discovering or planting improved types of raw materials may harm nature itself
New raw material of Eco friendly fuel!!
2) High potential of using Bio-ethanol
By 2030, the proportion of bio-ethanol mix will increase to a mandatory 25% internationally. In addition, this obligatory target blending rate does not only apply to bio-ethanol, but to all renewable energy.
Increasing of obligation about bio-ethanol!!
3) Bio ethanol market grew at a very rapid speed
Global bioethanol maeket started in 2003 with 33,514 million L. Thats are growing to 105,608 million L by 2011 at a CAGR of 15.4%, and is forecast to grow at a Compound Annual Growth Rate (CAGR) of 4.4% during 2011-2020 to reach 154,962 million L in 2020. The global bio ethanol market increased from 1,257 million litres in 2006 to 1,754 million litres by 2010.
Global bioethanol maeket started in 2003 with 33,514 million L. Thats are growing to 105,608 million L by 2011 at a CAGR of 15.4%, and is forecast to grow at a Compound Annual Growth Rate (CAGR) of 4.4% during 2011-2020 to reach 154,962 million L in 2020. The global bio ethanol market increased from 1,257 million litres in 2006 to 1,754 million litres by 2010.
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