Different industries are experimenting and developing ways to provide better alternative to petroleum based fuels, with the fast depletion of our fossil fuel reserves. The automotive industry is one among the major components in the campaign to develop cleaner burning fuel that comes from renewable source of energy.
Volvo is one car manufacturer that has come to help answer the decision for the use of different fuels. To extract fuels that can be used on vehicles from biomass, their recent investment on Chemrec has shown their dedication to the event of process. This move on the a part of the Swedish company is being mirrored not only by other car manufacturers but in addition of different countries across the globe.
Different countries are exerting effort in thee development of alternative fuels specifically bio diesel, it’s shown in a recently released comprehensive study by the Emerging Markets Online group entitled “Bio diesel 2020: A worldwide Market Petroleum Refinery Equipment Study The efforts put into the event of the choice fuel coupled with the ever increasing demand for such fuels in the market shows that there’s great hope for long-term development in the bio fuels segment. As stated within the case study conducted by the energy intelligence agency, the marketplace for the bio diesel world wide is predicted to grow exponentially in the next ten years. The expected surge on the demand for bio fuel is in consonance with the present effort of car manufacturers to provide cars that can run on alternative fuels.
Currently, Europe is the biggest consumer and producer of bio diesel, but because of the improving reputation of diesel engines within the US, the country is now producing bio diesel at a faster rate than the European Union and is poised to overtake Europe in the next few years.
But, Brazil which is expected to overtake both the US and the European Union by the year 2015 is the strongest potential in the production and consumption of bio diesel. Other countries like India and Chine also posses great potential within the bio fuel segment, thanks to their government’s drive to pose new alternative fuel policies to help within the preservation of the environment. Another reason for these countries potential to be great producers of bio fuels is that diesel engines are far more popular in those regions as it’s within the US.
Victor Falcon is an author, and an expert in making cheap biofuels like ethanol and biodiesel.Click here to make your personal Fuel!