(By business-standard.com)

Asia-Pacific region, Central and South America, and the Africa/Mideast region are expected to drive the global biofuels demand to reach 115 million metric tons in 2018 from 96.30 million metric tonne in 2013, according to the Freedonia Group’s new study, ‘World Biofuels’.

The rise in demand is likely to be moderate going forward as the US – the world’s largest market – stagnates. While this will directly limit increases in bioethanol demand overall,biodiesel demand will continue to grow at a healthy pace, supported by the expansion of biofuel mandates in a number of developing countries and by the implementation of the European Union’s renewable transport fuel target for 2020.

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