Toronto, Ontario – Total world production of ethanol is predicted to rise by 16.2 per cent in 2010 compared with 2009, according to the Global Renewable Fuels Alliance (GRFA).
Total ethanol production for 2009 was 73.9 billion litres, which is expected to reach 85.9 billion litres in 2010. The 2010 amount will displace the need for 370 million equivalent barrels of oil worldwide.
The U.S. is still the world leader in ethanol manufacturing, with more than 45 billion lites projected for this year. At the other end of the scale, many developing countries such as Nigeria and Malawi are turning to ethanol to boost their economies and secure their future energy needs.
“In a world of diminishing crude oil supplies and increasing energy demand, this increased renewable fuel production will have a profound effect on the world’s energy security, reducing the global dependence on crude oil and fuel imports,” said Bliss Baker, spokesperson for GRFA. “Countries around the world are working to secure their future energy needs by expanding the production and use of domestic renewable fuels like ethanol and biodiesel.”