Investment Vision 2011 Series: Biofuels
The European Union has set targets for biofuels to account for 5.75% of all fuel used in Europe by 2010
Biofuel is used to describe the liquid, solid or gaseous fuels produced from organic matter, for the use of transportation or other various burning purposes including energy production. The term Biofuels covers solid biomass, liquid fuels and various biogases (Wikipedia, 2011).
Biofuel is a type of alternative fuel derived from "biomass" that falls in the biogas category. In order to be considered a biofuel the fuel must contain over 80% renewable material (Biofuels.com). Biofuels are typically made by harvesting feedstock or the raw materials (e.g. soybeans, sugarcane), crushing the feedstock, separating the dray matter from the oil, then re-crushing and/or further processing to extract as much oil as possible (wikinvest.com/Biofuels).
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