Accenture Study Finds Creation of Global Biofuels Industry Will Be Difficult Due to Environmental Concerns and Distribution Challenges

GrainNet.com
Date Posted: September 8, 2008

London—Despite the emerging biofuels market, the creation of a global biofuels industry will be much more difficult to achieve than originally thought, according to findings of an Accenture (NYSE: ACN) study released today.

Titled “Biofuels’ Time of Transition: Achieving high performance in a world of increasing fuel diversity,” the study reports that although biofuels could make up 10-15 percent of the future fuels mix in the next 10-20 years, getting to that level will be more difficult than previously thought, reflecting the challenges involved in creating full-scale markets in biofuels feedstock, production, transport and distribution.

Read the full story