The US Biofuels market

The U.S. produced 6.5 billion gallons in 2007, which is expected to grow in the near future. In the U.S., the 2007 Energy Bill established a Renewable Fuel Standard mandating minimum levels of renewable fuel usage, increasing to 36 billion gallons per year by 2022.

The Market Opportunity - Technology Sales for Ethanol Production

Market Drivers for Biofuels

The motivating factors for biofuel production include:

• A desire for increased energy security
• Concern over global climate change
• Reduce energy prices
• Encourage economic development.