Global biofuels demand for the transport industry forecast to grow to 51.1 billion gallons by 2022, up from 32.4 billion gallons in 2013; peak US consumption of petroleum for road transport expected in 2016 as biofuels' market share rises to 8.7%

Allison Oesterle

Allison Oesterle

May 9, 2014 () – Global biofuels demand for the transport industry is forecast to grow from 32.4 bn gal in 2013 to 51.1 bn gal by 2022, Navigant Research reports. In the US, peak consumption of petroleum for road transport is expected in 2016 as biofuels increase its market share to 8.7%. Original Source: Biodiesel Magazine, http://www.biodieselmagazine.com/, Copyright BBI International 2014.

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