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The biofuels market grew by 15 percent in 2005, and will more than triple during the next decade, according to a new report by research firm Clean Edge.The Clean Energy...

Guy Brighton
  • 8 march 2006

The biofuels market grew by 15 percent in 2005, and will more than triple during the next decade, according to a new report by research firm Clean Edge.

The Clean Energy Trends 2006 report says that biofuels ethanol and biodiesel netted $15.7 billion last year, with the United States and Brazil as the two leading producers. Despite distribution challenges, Clean Edge expects the biofuels market to reach $52.5 billion in 2015.

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