Sales of Biofuels exceeded $ 12 billion in 2003 worldwide. High growth in 2004. The greening Automotive Industry in China.
In some countries the costs for biofuel are today lower than traditional oil and that’s only the beginning of a new development for many countries to be oil-free in the next 30 years. Nanobiotechnology will improve the biomass production by shaping molecules to design “energyplants” and optimize the biotechnology process. Nanotechnology and converging biotechnology increase the energy potential in the plants used for biofuel with more than 60 percent.
The worldmarket for biofuel exceeded $ 12 billion in 2003 and is expected to grow to $ 34 billion in 2015. Brasil is worldwide market leader representing 45 percent, the USA accounting for 20 percent, soon China will be number 3 with the aim to be number 2 in several years with the help of Brasil and wants to be oil-free by 2030 according to a new study of hkc22.com. The chinese government program includes a $ 200 million r&d budget, low interest loans, and different subsidies. All car companies in China follow the trends and present cars using biofuel, electricity or hybrid technologies . Europe is following and passed the start-up stage. The transition takes a long time but the time has come for the technologies and the market too. Increasing oilprices will speed up the developments.
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