30 August 2011 16:52 [Source: ICIS news]
LONDON (ICIS)--Global production of biofuels increased by 17% during 2010, reaching a record high of 105bn litres, according to figures released by independent research body Worldwatch Institute on Tuesday.
The institute believes biofuels production rose because of higher oil prices, a rebound in the global economy and new mandates in countries such as ?xml:namespace>
The US and
It is thought that
Robust oil prices were also behind
The institute believes this situation could change, however, with some European countries likely to switch from biodiesel to ethanol because “a recent report from the European Commission states that ethanol crops have a higher energy content than biodiesel crops”.
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