Monday, January 25, 2010
GLOBAL - Once again the global biofuel industry grew in 2009, according to FO Licht.
They reported that global bioethanol in particular, and biodiesel production increased according to Peter Duggan, Strategic Information Services, Bord Bia.
In a bid to improve fuel security while also addressing greenhouse gas emissions from fuel usage, many governments have introduced new biofuel blending mandates.
While global bioethanol production increased by 12 per cent to 73.9 billion litres in 2009, growth levels have slowed as higher feedstock prices in 2008 reduced profitability in the sector.
The principal producer of fuel ethanol in the world is the United States. The USDA report that one third or 107 million tonnes of the total US maize crop will be used to produce 39.7 billion litres in 2010. Brazilian output slowed considerably in 2009 due to high sugar prices for cane, where prices more than doubled to $58/tonne. However, Brazilian ethanol production still increased by 2% to 24.9 billion litres in 2009.
In contrast, bioethanol production in the EU increased by 40 per cent to 3.9 billion litres in 2009. According to Strategic Grains, they suggest that four per cent of the EU wheat crop and six per cnet of the maize crop will be converted into ethanol in 2010.
Global biodiesel production grew by four per cnet to 16.4 billion litres in 2009, a modest improvement on 2008 levels, when oil prices had peaked. In 2009, EU output rose by more than eight per cent to 9.8 billion litres due to higher blending rates required.
Elsewhere, biodiesel production grew in Argentina, Brazil and Asia. This was offset by US production falling by 45 per cent to 1.7 billion litres in response to EU trade restrictions and lower domestic demand.
TheBioenergySite News Desk
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