Biofuel investment to top $69 billion, says Navigant

In Colorado, Navigant Research predicts that biofuel investment will top $69 billion over the next ten years as revenues hit $7.6 billion by 2023. The report predicts that growth will be assisted by policies encouraging blending, and that the advanced pool will be the fastest growing. “Conventional ethanol, derived from corn starch, coarse grains, and sugarcane, is expected to remain the largest segment of biofuels over the next 10 years despite facing increased scrutiny as a viable long-term alternative to fossil-based liquid fuels,” said Mackinnon Lawrence, principal research analyst with Navigant Research.

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