According to new figures released by Hart Energy Consulting, the consumption of biofuels is to double between now and 2015.
By 2015, the consultancy expects ethanol to represent some 12-14 per cent of global car fuel use, while the consumption of biofuels in the US is to increase by as much as 30 per cent over the period.
Brazil is expected to increase the amount of biofuels it produces by 30 per cent by 2015 and will be the leading exporter of the alternative energy over the coming years. Ethanol can be produced by converting the sugars in forestry bi-products, making Brazil and other countries with high levels of sustainable forests centres for the production of biofuels.
Argentina, China, Columbia, Malaysia, Indonesia, France, India, Thailand and the Philippines are all also expected to be central to the production of biofuels.
In the past year, it has emerged that several countries and major energy firms are investing heavily in research to develop the most efficient ways of producing ethanol from woody biomass. The task is to develop ways to convert biomass into biofuels in a way that is economically viable on a large scale.