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Biofuels gain within fuels mix could be slow, study says

09/22/2008
Biofuels could make up 10-15% of the global fuels mix in 20 years, although getting to the level will be more difficult than some might expect, consultant Accenture said in a recent report.“The pain of going from start up to global market will be greater than expected,” for biofuels producers, said the report, which forecasts an increasingly diverse fuels market.Melissa Stark, a senior executive in Accenture’s Energy industry group, said the ultimate scale of the biofuels industry remains unknown.“Our research shows that government policy and technology developments are the biggest uncertainties,” Stark said. “Technology will continue to improve the eco...
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