As per our brand-new research report “Global Biofuel Market Analysis”, the global bio-fuel market will witness a fast development track from 2010 onwards in the background of diminishing nonrenewable fuel sources and of environmental conditions. It is anticipated that, the worldwide bio-fuel market will grow at a CAGR of around 18% throughout 2010-2013. Further, numerous governments across the world have actually been implementing obligatory bio-fuel blend with the standard fuel to further boost up the demand for biofuel.

Our study suggests that, as the increased use of renewable and alternative fuels can lead to significant reductions in the use of petroleum-based fuels