Green Options » U.S. biodiesel consumption http://greenoptions.com/tag/us-biodiesel-consumption Posts tagged 'U.S. biodiesel consumption' Wed, 01 Oct 2008 13:10:49 +0000 http://wordpress.org/?v=2.5.1 en U.S. To Become World’s Largest Biodiesel Consumer by 2012 http://gas2.org/2008/10/01/us-to-become-worlds-largest-biodiesel-consumer-by-2012/ http://gas2.org/2008/10/01/us-to-become-worlds-largest-biodiesel-consumer-by-2012/#comments Wed, 01 Oct 2008 13:10:49 +0000 Adam Shake http://gas2.org/2008/10/01/us-to-become-worlds-largest-biodiesel-consumer-by-2012/ The United States is headed towards being the single largest biodiesel consumer in the world, accounting for about 19% of the market by 2012.

The production and consumption of biodiesel, having grown on average by more than 50% per year for the last five years, also saw triple-digit growth rates in 2006.

Germany currently holds top honors for biodiesel consumption, using 30% of the worlds market, but with the growing need for alternative fuels, and other countries coming on line, this is diminishing.

One thing needs to be kept in mind though, production costs of biodiesel are currently higher than those of conventional diesel, meaning that biodiesel is not currently competitive without political support and tax exemptions. As a consequence, the biodiesel industry is largely driven by government legislation and regulation.

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