Demand for Green Energy
- The combined global biodiesel and ethanol markets will reach $247 billion in sales by 2020, up from $76 billion in 2010, according to Pike Research
- Global biodiesel demand is estimated to be growing by an average annual rate of 42%
- The aviation sector consumes approximately 2 billion barrels of jet fuel per year. By 2017, the International Air Transport Association has stated that it wants 10% of its jet fuel consumption to be in the form of biodiesel. That translates into a potential market of more than 200 million barrels of biojet fuel per year
- The EU emissions trading system (ETS) aims to reduce carbon monoxide emissions of 20% by 2010 compared to 1990s levels
- 73 countries around the world have biofuel mandates
“Jatropha biodiesel is on its way to being a certified aviation diesel. The aviation industry is interested in the possible savings and price stability offered by alternative fuels…and, if oil demand outpaces supplies, jet fuel availability could become a constraint on growth.”
-Committee on Aviation Environmental Protection
-Committee on Aviation Environmental Protection
Poised to supply that demand is
Bedford Biofuels.