Report: US Leads World in Advanced Biofuels Ranking
by Emily Pickrell (Fuel Fix) The United States leads the world in creating companies that turn food waste and non-food materials to energy, according to a Navigant Research report released Tuesday morning.
More than two-thirds of all global ventures in advanced biofuels are based in the United States, a testimony to the nation’s entrepreneurial environment and investment funding for new ventures.
Advanced biofuels, made from waste, algae and other non-edible organic substances, are being developed around the world as a possible alternative to fossil fuels.
Navigant analyzed the biofuel markets in six global regions — including 69 countries — based on private investment, government policies, the availability of feedstocks, the demand for liquid fuels and other factors. While high demand for liquid fuels and hefty investments pushed North America to the top of the ranking, Europe scored higher on policy-based market drivers. READ MORE Abstract