Monday, September 15, 2008

Biofuels Market Growing Pains Greater Than Seen First-generation ethanol and biodiesel have carved a space in the global fuel market, but their growth is dogged by unclear regulation, adverse consumer perception, need for investment in supply chain and risk-management tools, consulting firm Accenture said in a report due for release Monday. "There are a lot of pieces that need to come together to make it feasible," said Melissa Stark, London-based global lead of biofuels for Accenture and author of the study titled "Biofuel's Time of Transition," in an interview with Clean Technology Insight. In the firm's second in-depth study of biofuels, Accenture found that the "growing pains" for the industry are bigger than the analysts had expected when they published the first study in 2007. While most of the elements to make biofuels a global industry are in place, they will need to evolve to support its growth....

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