Irish report predicts South American biofuel market of $83 billion by 2016

July 30, 2012 |

In Ireland, Research and Markets has added “Biofuel Consumption in South America” to their report offerings. The report indicates that the South American biofuel consumption market had total revenue of $42,529.7 million in 2011, representing a compound annual growth rate (CAGR) of 25.8% between 2007 and 2011. At the same time, the report predicts a deceleration in growth and a reduction of the CAGR to 14.5%, driving the market value to $83,628.7 million by the end of 2016.

Read more here.

Category: Fuels

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