February 25, 2010

Feedstock innovation spurs biodiesel demand

Technological advancements in algae, jatropha, waste grease (maybe even Camelina?) are expected to boost biodiesel revenues worldwide, according to this recent study from Pike Research.

The study reports that by 2020, global biodiesel revenues are estimated to reach $71 billion, up from $18 billion expected this year. Helping the industry are powerful backers such as oil companies and biotechnology companies, Pike research's managing director Clint Wheelock said.

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