Europe’s Ethanol Market Potential Report

Feb. 23, 2009 - PRLog -- Phoenix, AZ - In 2003, European Commission issued directives that will govern European biofuel policy. These directives target 5.75% biofuel consumption in the transportation sector by 2010. These include measures to increase ethanol demand and making ethanol gas (cellulose and other) and providing tax benefits and exemptions to facilitate ethanol expansion. The principal goals propelling making ethanol fuel are improving energy security, boosting rural development, and reducing greenhouse emissions.

Transport is responsible for approximately 21% of the EU’s greenhouse gas emissions, and recent European Commission directives have made biofuel in transport a regional priority. Biodiesel accounts for 80% of European biofuel production and ethanol for the remaining 20%.

However, there are some problems hampering the overall expansion of the ethanol industry in Europe. Most import among them has been the recent rise in the prices of food grains and subsequent decline in their supply. Supporters of making ethanol gas and other biofuel suggest that the global food crises is a result of rising oil prices along with increased food consumption in the developing world.

The report “Ethanol Industry in Europe” discusses the current ethanol market in Europe and explores its potential for growth.
 

About the Publisher: "Europe’s Ethanol Market Potential Report" is published by Energy Business Reports (www.EnergyBusinessReports.com), an energy industry think tank and leading source for energy industry information and research products. Details on this report can be found at http://EnergyBusinessReports.com/shop/item.asp?itemid=173...

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