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Back to All Reports U.S. Economic Impact of Advanced Biofuels Production: Perspectives to 2030

In today’s high oil price environment, the biofuels industry is experiencing both increased visibility and rapid growth. We estimate that producer value will grow from US$19bn in 2005 to nearly US $40bn by 2010. Today, biofuels production is highest in the US, Europe, and Brazil, where substantial state support exists in the form of tax policies and blending mandates. While high oil prices are making biofuels more competitive, recent increases in state support also reflect the influence of agricultural interests and environmental concerns aimed at improving the raw economics of production.