Biofuel Opportunities in Emerging Markets
Growing global demand for biofuels:
- Rising energy consumption in emerging markets
- Global trend of rising oil prices
- Environmental damage and climate change
EU inability to meet demand:
- Lack of suitable farm land
- Climatic conditions inadequate for high-yield crops
- Cultivation of biofuel crops not ecologically sustainable
Biofuel opportunities in emerging markets:
- Favourable climatic conditions
- Wide areas of unused, marginal land
- Creation of additional income for smallholder farmers
- Less dependency on fuel imports
- Saving of hard currency reserves by the host country
- Political support is a probability