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

Friday, July 20, 2012

Biofuels executives project 3.3% job growth, 7.8% revenue growth in 2012-13: Biofuels Digest/BIO poll

Biofuels Digest
Jim Lane
July 16, 2012

Industry mood darkens on government programs, IPO window; optimism on biobutanol rising.

In Florida, Biofuels Digest reports that 68 percent of bioenergy executives are more optimistic both about their organization’s prospects for growth and industry growth, than 12 months ago, and that 61 percent are more optimistic about the industry’s prospects than at this time in 2011.

Industry job growth was projected at 3.3 percent for the next 12 months, and industry revenue growth at 7.8 percent.

The findings were among the highlights of the Q2 2012 Bioenergy Business Outlook Survey conducted by the Biofuels Digest and co-sponsored by the Biotechnology Industry Organization (BIO). The quarterly survey drew responses from 590 industry executives, up slightly from the Q1 response.

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