11 August 2011 15:45 [Source: ICIS news]
LONDON (ICIS)--Gasoline blended with 10% bioethanol (E10) is “slowly prevailing” on the ?xml:namespace>
Verbio said that E10 currently accounts for about 20% of
However, Verbio said it expects E10’s share of the market to rise to up to 50% in the medium term as refiners plan to expand their distribution of the fuel.
Until now, E10 is available mainly at filling stations in eastern and southern
Verbio said increasing E10 demand would translate into higher bioethanol sales and better capacity utilisation at its plants in the third and fourth quarters.
Low bioethanol sales were one factor hurting Verbio’s results in the second quarter.
Check out Doris de Guzman’s Green Chemicals Blog for views on sustainability issues
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections