KEY POINTS:
More than 100 billion gallons of bioethanol and biodiesel could be being produced by 2030, according to a report from industry research company Global Insight - enough to supply more than 15 percent of global demand for motoring fuels.
In the US, the figure could rise to as much as 35 percent.
Global Insight also suggests that corn and sugarcane will remain the lowest cost source of bioethanol, and that non-food crops such as jatropha, which has the advantage of growing on land of marginal agricultural use, and pond-grown algae could become important sources too.
The report adds that virtually all of today's cars are capable of running with a five percent mix of biofuel (indeed, many UK supermarkets already sell fuel with this mix) and that little modification is required to enable cars to use a 30 percent mix.
- REUTERS
