Pike Research Report Says Global Biodiesel Market to Reach $71 Billion By 2020

Biofuels Journal
Date Posted: February 22, 2010

Boulder, CO—A new wave of biodiesel will begin having a meaningful impact on world energy markets over the next several years, according to a recent report from Pike Research.

The cleantech market intelligence firm anticipates that, spurred by innovations in feedstocks such as waste grease, algae, and jatropha, biodiesel revenues will increase to $71.0 billion worldwide by 2020, up from $18.4 billion in 2010.

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