Global Industry Analysts Inc. Report: World Ethanol Market Likely to Hit 27.7 Billion Gallons by 2012

GrainNet.com
Date Posted: November 10, 2008

San Jose, CA—The world ethanol market stands enthused by rising consumption patterns in end-use markets.

Fuel-ethanol is witnessing unprecedented interest encouraged largely by the ban on MTBE in several countries and its resulting replacement by ethanol.

Regulatory riders imposed by most governments in the developed markets are additionally helping perk up demand for ethanol in fuels.

In the United States, the renewable fuels standard mandates the use of approximately 8 billion gallons of ethanol by the year 2012.

The need to skirt stinging hikes in crude oil prices, reduce green house gas emissions, and lower international dependence on oil, is encouraging governmental intervention in fostering consumption of ethanol.

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