Bloomberg addresses decline in biofuel investment market, highlights BP and Shell

July 8, 2013 |

In the UK, BP and Shell are set to cut back as biofuel investments hit a seven-year low, according to a Bloomberg article highlighting the challenges facing the biofuels industry where investment is harder to come by than ever. Global investment in biofuel production has shrunk to $57 million in Q1, the lowest since 2006, according to their data. “Progress in deploying these technologies has been slower than many had anticipated and what’s needed to keep on track with our aspirations,” Maria van der Hoeven, executive director of the International Energy Agency, said in an e-mailed response to questions. “Many potential producers have found it difficult to secure the capital they need.”

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Category: International

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