NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2006/08/25 - Biofuel has arrived with a big bang in China –the world’s second largest energy user. The market for renewal energy will only go only one way – upwards!.
Currently there are indications that the Chinese government is intensifying its assistance for biomass energy, and the growth of fuel ethanol as a type of biomass energy is moving towards a rapid climb phase. Owing to the uniqueness of renewable energy, it is essential to industrialize the manufacture of different types of renewable energy, together with fuel ethanol.
Ethanol-sourced fuel is presently obtainable in markets spanning five regions and in 28 district-level cities in four more states. Ethanol fuel at present comprises a substantial percentage of China's overall oil expenditure. Globally, China ranks third as global ethanol manufacturer, with a yearly output of about 3 billion liters.
The research report "Biofuel Market Worldwide (2006)" by RNCOS ascertains China to be the third biggest ethanol maker, manufacturing 965 million gallons in 2004. The biggest distillery worldwide, the Jilin Tianhe Ethanol Distillery manufactures 242 million gallons annually, and has an expected net volume of 321 million gallons per annum.
Market analysts also learn that China’s Biodiesel industry is even now a great deal in its early stages of growth and development. The national output was just 50,500 to 60,000 tons in 2004. The overall expenditure of diesel in China, in the meantime, was 96 million tons in 2004.
This report shows that US is nevertheless the industry leader, and this in turn will assist the reader to discover the under mentioned:
• What are the main market movements in the Biofuel industry?
• What is the existing price of Biofuel?
• In what way does the local market fluctuate based on their strategies and the leanings for Bioethanol and Biodiesel?
• Where will the market be positioned in the next 4 years?
• What impels the Biofuel market globally?
• How do the different issues existing in the economy impact the Biofuel market?
• What is the different Government backed plans and the key Biofuel projects?
The report "Biofuel Market Worldwide (2006)" offers a modernized and in depth synopsis of the international Biofuel market. This report is very effective for the topnotch company executives who are keen on investing in Biofuel market.
RNCOS, incorporated in 2002, provides Market Research Reports for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.