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Energy And Resources

Biorefinery Technologies and Products

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REPORT HIGHLIGHTS

  • The global biorefinery market will increase at a compound annual growth rate of 13.0% over the next five years to reach approximately $155.9 billion in 2012, resulting in a 5.67% market penetration.
  • Recent advances in the field of industrial biotechnology are creating a paradigm shift in the way we make transportation fuel, because enzymes can economically convert plant matter to fermentable sugars.
  • Petro-based refinery additions will struggle to keep pace with demand growth over the forecast period on current construction plans. Capacity utilization rates are likely to remain high through the forecast period to over 88% in 2012. Capacity additions will be essential to meet growing demand.

SUMMARY FIGURE
BIOREFINERY MARKET PENETRATION, 2004-2012
($BILLIONS)
Source: BCC Research