Cellulosic will overtake biodiesel by 2020, according to Allied Market Research

In Oregon, the global advanced biofuels market is predicted to reach $23.9 billion by 2020, according to a new report from Allied Market Research. According to the predictions, biodiesel currently garners the largest market share; however, the latest and the most commercially viable Cellulosic ethanol would surpass Biodiesel and eventually lead the market by 2020. North America generated largest revenue, as it has over 50% of the globally installed capacity base. The growth will register in at an annualized rate of 49.4%.

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