Study says biomass will comprise 12.5 percent of all renewable energy generation by 2014

In New York, SBI concludes that Biomass will comprise 12.5% of total renewable energy generation in 2014, up from 10 percent today, in a new report: “Global Biofuels Market: Opportunities, Emerging Technologies and Production.” Worldwide data is provided on biorefineries, conversion and separation technologies, manufacturing, research and development, organic biofuels, capacity, components and competition.

SBI projects the $103 billion biofuels market will exceed $170 billion by 2014, with the fastest growth for bio-based energy manufacturing in regions such as China and India.

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