Center for Advanced BioEnergy Research, University of Illinois at Urbana-Champaign

Wednesday, May 9, 2012

Biofuels contributed $277B to global enconomy: new report

Biofuels Digest
Jim Lane
May 8, 2012

In Canada, the Global Renewable Fuels Alliance and Cardno Entrix reported that the biofuels industry contributed $277.3 billion to the global economy in 2010. The figures headlined a new report, “Contribution of Biofuels to the Global Economy”, released yesterday by the groups.

According to the report, global biofuel production produced 110 billion litres in 2010 and supported nearly 1.4 million jobs in all sectors of the global economy. The amount of ethanol produced globally has doubled since 2005 and increased three-fold in the last decade. By 2020 the global biofuel industry is forecasted to grow to produce over 196 billion litres and support over 2.2 million jobs in all sectors of the global economy.

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1 comment:

James said...

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It's easy just cut and paste the link and it automatically links back to your website. You can also add Classifieds, Photos, Videos, etc. It’s free and easy…
We are looking for contributors to share stuff with our members. Please help.
Email me if you need any help or would like me to do it for you.
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