Production trends indicate that the supply of both ethanol and biodiesel is steadily increasing, although the global ethanol market is more than four times larger than the global biodiesel market. Markets for both are increasing, not only in established, traditional markets such as the European Union, Brazil and the United States, but also in countries such as China, India and Argentina. The latter countries are beginning to see the economic potential of the biofuel sector, and its prospective role in a green economy. Although markets are increasing, the global bioenergy potential is largely underused, particularly in some regions where there is significant potential for efficiency gains in both agricultural production and conversion to biofuels.
From collection: Biofuels Vital Graphics - Powering Green Economy
Riccardo Pravettoni, UNEP/GRID-Arendal