New Report Highlights the Success of the Biofuel Industry in India

PRLog (Press Release) – Mar 07, 2008 – Report Buyer, the online destination for business intelligence for major industry sectors,  has added a new report detailing the huge support the biofuel industry receives from the Indian government in form of incentives, tax exemptions, favourable policies etc. Other factors contributing to the success of the biofuel industry in the country are also focused upon in the report.

“Analyzing the Indian Biofuel Industry” (http://www.reportbuyer.com/go/ARU02210) reports that although biofuels are mainly used to replace or supplement the traditional petroleum-based transportation fuels, they can also be deployed to generate heat and electricity. Being an alternative to fossils, biofuels can be applied to existing vehicles with little or no engine modification. Although they release CO2 when burned in internal combustion engines, they differ from fossil fuels partly because their use reduces the net emission of carbon dioxide and other gases associated with global climate change and partly because they are biodegradable.

Biofuels have had a long history of use in the transport sector. This began in the 1970s and early 1980s when a substantial increase in biofuels production and use in many countries resulted from high oil prices. But biofuels became less competitive vis--vis fossil fuels after the collapse of oil prices in the mid-1980s, and global interest in biofuels for transport waned considerably in the 1990s and the first years of the 21st century.

The recent sustained increase in international oil prices has once again highlighted the potential for biofuels to contribute to transport fuel demand, particularly in countries that import the bulk of fossil fuel supplies. Global concerns about the effects of fossil fuel use on the environment, as well as recognition of the benefits of energy supply diversification also support increasing biofuels production and use.

Moving ahead, the research report covers the Indian ethanol and biodiesel industry in-depth. These sections cover information pertaining to market statistics, various regulations governing these markets, production statistics, industry potential, market challenges and the various requirements for production of ethanol and biodiesel.

“Analyzing the Indian Biofuel Industry” is available from Report Buyer. For more information go to:    http://www.reportbuyer.com/energy_utilities/alternative_ ...

Report Buyer product ID: ARU02210