Automotive Biofuels Industry Trends Cheap Nike Air Force 1 Low UK , Analysis To 2022 by Grand View Research Inc. Business Articles | September 15, 2015
New Market Research Reports Title “Automotive Biofuels Market Analysis Size and Segment Forecasts to 2022” Has Been Added to Report Database
Global automotive biofuels market is expected to witness growth over the forecast period, owing to growing consumer awareness regarding effects of conventional fuels on the environment. Low cost of feedstock coupled with reduced gas emissions associated with the use of automotive biofuels is expected to be a key factor driving market growth over the forecast period.
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Furthermore, rising number of flex-fuel vehicles coupled with stringent regulations governing crude oil production and conventional fuel refining, including motor spirit is expected to bolster automotive biofuels demand. The automotive biofuels market includes ethanol and biodiesel used as fuel for vehicles instead of conventional fuels. As of 2013 Nike Air Force 1 Low UK , Europe was primary producer and consumer of biodiesel. European Commission passed a resolution making it mandatory to use bioethanol blend fuels for automobiles, which has significantly driven the biofuels market in the region. Asia Pacific, on the other hand, is expected to be the fastest-growing automotive biodiesel and ethanol market over the forecast period. Meanwhile, North American and Latin American markets have reached maturity in bioethanol consumption Cheap Nike Air Force 1 High UK , but, is still witnessing growth in biodiesel market. This trends are expected to shape the future of the automotive biofuels over the forecast period.
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Key players engaged in automotive biofuels market are Australian Renewable Fuels Limited, BlueFire Renewables, Renewable Energy Group, Inc. Nike Air Force 1 High UK , Aventine Renewable Energy, Inc., Raizen Energia Participacoes S.A. and Advanced BioFuels.
Australian Renewable Fuels Ltd. is a listed company in Australian Stock Exchange, since 2005, and primarily deals in biodiesel. It has plants in three locations Cheap Nike Air Force 1 Low 07 UK , namely, Adelaide, Picton and Barnawartha. Renewable Energy Group, Inc., is a North American company formed in August Cheap Nike Air Force 1 High 07 UK , 2005. Their business model is inclusive of nationwide production, distribution and logistics system, focusing in converting natural oils, fats and greases into advanced biofuels.
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They also convert diverse feedstock to produce renewable chemicals. Aventine Renewable Energy, Inc. Cheap Nike Air Force 1 Mid 07 UK , is a company based in Pekin, Illinois, producing ethanol and other byproducts from renewable sources