Biofuels to nearly double in road transport use by 2030: exec

19 June 2013 21:19  [Source: ICIS news]

HOUSTON (ICIS)--Biofuels will nearly double in road transport use globally between now and 2030, with ethanol leaders Brazil and the US leading the way, an executive from UK-based energy giant BP said on Wednesday.

Biofuels will power about 6.5% of the world’s road transportation by 2030, up from 3.5% today, said Susan Ellerbusch, president of BP’s Biofuels North America division. She made her comments during a presentation at the Massachusetts Institute of Technology’s (MIT) Enterprise Forum at the Federal Reserve Bank in Houston.

“Particularly when we look at road transport, biofuels are really a critical part going forward,” she said.

The US and Brazil lead the way thanks to regulatory environments that encourage the production of biofuels such as ethanol, Ellerbusch said.

“That creates a supply need, so the markets are encouraging investment in technology, encouraging investment in operations, and it creates an opportunity for material scale,” she said.

BP has invested in research on biofuels such as ethanol from corn and sugarcane, cellulosic ethanol made from biomass such as tall grasses, and butanol.

“We’ve been building a body of technology experience, building a body of operating experience, both from agriculture and from plant manufacturing, and are bringing technologies forward now,” Ellerbusch said.

By: Jeremy Pafford
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