Report Says U.S. Will Be World's Largest Biodiesel User by 2012
The SRI research involved comprehensive input from 74 countries that covered all phases of the biodiesel arena. Among its other key findings, the report concludes that the rise in popularity of biodiesel remains contingent upon support from both its political proponents as well as on direct financial incentives that help keep it on a competitive footing with traditional petroleum-based alternatives. SRI also finds that there has been a significant geographic shift in the source of production. Where Europe accounted for 83 percent of global biodiesel output in 2002, by last year that figure had dropped to 46 percent. The biggest gains during the last half decade were recorded in North America and Asia, where total biodiesel production rose to 23 and 19 percent, respectively.