EIA: Biofuels to account for 5.8% of liquid-fuels market by 2040

Biofuel use is projected to increase from 1.3 quadrillion BTUs in 2011 to 2.1 quadrillion BTUs in 2040, according to the Energy Information Administration's Annual Energy Outlook. Biofuels will account for 5.8% of overall liquid-fuel consumption by 2040, down from last year's outlook due to weaker-than-expected adoption of flex-fuel vehicles, a smaller gasoline pool and a reduced outlook for cellulosic-biofuel output, EIA said.

The full version of the AEO2013 reference case can be downloaded from the EIA website.

Source: Ethanol Producer, December 5, 2012

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