US ethanol growth to boost fuel additive market to $1.6B by 2016

In New York, Reportlinker says that growing biofuel use will boost the specialty fuel additives market in the US to $1.6 billion by 2016. The EPA will raise the amount of biodiesel and ethanol usage in the fuel supply in an effort to meet the requirements of the Renewable Fuel Standard 2 (RFS2). These biofuels require the usage of different specialty fuel additives. For example, the EPA’s move to allow up to 15 percent ethanol blends in gasoline will stimulate corrosion inhibitor demand.