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BP: Biofuels Could Potentially Account for up to 30% of Global Transportation Fuel by 2030

Posted on October 09, 2008

Based on announced targets and pending regulations, BP s assessment is that biofuels could account for between 11 and 19% of the transport fuel market by 2030. The company also thinks there is a possibility, if the industry can address some of the land, feedstock and technology issues that exist today, for up to 30% biofuels penetration into transportation by 2030, according to Susan Ellerbusch, VP Global Biofuels for BP.Delivering that aggressive quantity of more than 600 billion liters (158.5 billion gallons US) of biofuels by 2030 would require progress particularly in the area of cellulo...

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biofuel , biofuels , e10 , emissions , environmental , ethanol , greenhouse , renewable