Biofuel analysis focuses on grid power

New biofuel analysis published by MarketsandMarkets focuses on the energy source's value for mains power, rather than its use in vehicles.

According to the research organisation's biofuel analysis, published under the title Global Biofuels Market Outlook 2010-2015, electricity demand and related environmental concerns are driving forces behind the uptake of renewable alternatives.

With non-renewable sources of energy expected to see soaring prices in the months and years to come, the company anticipates a brighter future for biofuels as they become a mainstream and widely adopted form of power.

However, it is not only in the mains grid that biomass holds potential, as different parts of its processing lead to a variety of energy outputs.

MarketsandMarkets explains that this leaves some biomass used for generating heat, some for the production of electricity and the remainder processed into vehicle fuel.

The report looks at the geographic nature of the market at present, in terms of major land areas including Asia-Pacific, Europe, North America and the rest of the world.