Frost & Sullivan says higher vehicles sales driving biofuel consumption

In the UK, increasing sales of commercial and passenger vehicles, especially flex-fuel vehicles that allow end users to choose customised biofuel-fossil fuel blends, are expected to drive the consumption of automotive biofuels around the globe. The enforcement of higher biofuel percentage blend mandates will spur use of solutions higher than the standard E10 ethanol blend, adding to biofuel demand.

New analysis from Frost & Sullivan, Strategic Analysis of the Global Automotive Biofuels Market, finds that the market generated revenues of $94.61 billion in 2013 and estimates this to reach $149.25 billion in 2018. The study covers automotive biodiesel and ethanol.