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Tuesday, January 23, 2007

Algae Diesel

The global market for biodiesel is poised for explosive growth in the next ten years. Although Europe currently represents 90% of global biodiesel consumption and production, the U.S. is now ramping up production at a faster rate than Europe, and Brazil is expected to surpass U.S. and European biodiesel production by the year 2015. It is possible that biodiesel could represent as much as 20% of all on-road diesel used in Brazil, Europe, China and India by the year 2020.

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