Globel ethanol market to reach 27.7 billion gallons by 2012: report

A report from Global Industry Analysts projected that the global ethanol market will reach 27.7 billion gallons by 2012. The report found that 66.5 percent of global ethanol sales in 2008 represented consumption in the US and South America, and concluded that more than 50 percent of the global sugarcane crop is used in ethanol production.

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