Biofuels Market in the Americas to 2020 - Renewable Fuel Standards and Biofuel Mandates Will Stimulate Investment

Document Sample
Biofuels Market in the Americas to 2020 - Renewable Fuel Standards and Biofuel Mandates Will Stimulate Investment Powered By Docstoc
					    Biofuels Market in the Americas to 2020 - Renewable Fuel
    Standards and Biofuel Mandates Will Stimulate Investment
 Reference Code: GBICT0035ICR                                                                               Publication Date: December 2010


                                     Higher Availability of Feedstock to Render Higher Biofuel Production in Americas
                                     Biofuel production depends predominantly on the availability of feedstock and oil prices. The
                                     production therefore depends a lot on changing feedstock prices and oil prices. A scenario analysis
                                     between high availability of feedstock and high food prices reveals that biofuel production in the
                                     Americas would be greater in a high feedstock situation, as compared to a high oil price situation. A
                                     high feedstock situation refers to the availability of feedstock for biofuel production when the split of
                                     feedstock for fuel purposes is greater than that for food purposes in future. High oil price refers to
                                     the increase in oil prices with the current rate.

                                       Biofuel Market, Americas, Biofuel Production (Mbblpd), Scenario Analysis, 2005–2020
                                                                                                                    3736 Mbblpd

                                                                                                                        When there is a high
                                                                                                                        availability of feedstock

                                                                                                                    3606 Mbblpd


                                                                                                                     3436 Mbblpd
                                        Production
                                         (Mbblpd)




                                                                                                                         When there is a high oil
                                                                                                                         price




                                                                          2010                                  2020

                                                        Production with high availability of              Production with high oil price
                                                        feedstock
                                                        Reference case production

                                       Source: GBI Research




                                     Long Term Government Intervention to Drive Americas Biofuel Market
                                     Long term government intervention is expected to spur the use of biofuel in the American region. A
Long Term Government
Intervention is expected to          variety of policy tools have been introduced by government which reduce the risk and uncertainty
spur then development of             for prospective invest`ors. Government intervention also ensures commitment in response to
                                     farmer’s concerns about energy input prices and output biofuel prices. North and South American
biofuel in Americas region.
                                     countries also rely on subsidies, tax credits and preferential taxes to ensure that producers can be
                                     confident of surmounting the high cost of biofuel production. Import restrictions are also used to
                                     promote the emerging biofuel industry in American countries. Most American countries have made
                                     it an essential requirement to blend biofuel with conventional fuels, which, in turn, provides a
                                     guaranteed market for biofuels.




Biofuels Market in the Americas to 2020 - Renewable Fuel                                                     GBICT0035ICR / Published DEC 2010
Standards and Biofuel Mandates Will Stimulate Investment
                                                                                                                                               Page 1
                                                                             © GBI Research. This is a licensed product and is not to be photocopied
                                     Higher Land Area Required For Biofuel Production Will Be a Big Restraint for the Americas’
                                     Biofuel Industry
                                     Increasing oil prices and the need for energy independence will spur the development of the biofuel
                                     market in the Americas, but the role of biofuel in supplies required to meet the increase in demand
                                     is likely to remain the same, or even lessen, because of its land intensity. In the US, substituting all
                                     current gasoline consumption with ethanol would require more land for corn production than is
                                     presently available in the whole agricultural industry. Technology will be central to boosting the role
                                     of biofuel. If suitable technological advancement is not available at the proper time, then land area
                                     will be a major challenge for the development of the biofuels required to meet the demand of the
                                     Americas.
                                     Americas Will Produce 3,606 Mbblpd of Biofuel By 2020
                                     Biofuel production in the Americas in 2005 was 550.4 thousand barrels per day (Mbblpd).
                                     Production of biofuel rose to 1,308.2 Mbblpd in 2009, with a compound annual growth rate (CAGR)
                                     of 24% for the period 2005–2009. GBI Research estimates that the annual biofuel production by
                                     the end of 2020 will be 3,606 Mbblpd. The CAGR for the period 2010–2020 will be 9%. The graph
                                     below shows biofuel production in the Americas for the period 2005–2020.

                                       Biofuel Market, Americas, Biofuel Production (Mbblpd), 2005–2020

                                                                                                        Driving Forces
                                                                                   3,606 Mbblpd
                                                                                                       • Need for energy independence
                                                                                                       • Public Investments


                                                              1,547 Mbblpd
                                                                                      2020
                                                                                                         Restraining Forces
                                                                                                         • High Land Requirement
                                                                2010
                                                                                                         • Profitability Issues
                                           550 Mbblpd


                                              2005


                                       Source: GBI Research




                                     Sustainability Challenge – “The war has already commenced”
                                     First generation fuels, such as ethanol, which is produced from corn, compete for land with food
                                     crops. The biofuel industry is dedicated to using biofuels which are grown in a sustainable way and
                                     do not compete for land or water with food crops. This is a major challenge for the growth of
                                     sustainable biofuels which do not take up productive arable land which can be used for food
                                     production. This issue has already started badgering the leaders of the biofuel market. GBI
                                     Research believes that in addition to developing fuels which reduce sustainability challenges, the
                                     biofuel industry will also face challenges in developing fuels which can be mass produced at a low
                                     cost, with high yield and minimal environmental impact. To overcome these sustainability
                                     challenges, extensive research is required in the field of next generation fuels, which will potentially
                                     reduce the use of arable land and will also deliver higher yields.




Biofuels Market in the Americas to 2020 - Renewable Fuel                                                      GBICT0035ICR / Published DEC 2010
Standards and Biofuel Mandates Will Stimulate Investment
                                                                                                                                            Page 2
                                                                             © GBI Research. This is a licensed product and is not to be photocopied
                                     1         Table of Contents
                                     1   Table of Contents ........................................................................................................................ 3
                                         1.1    List of Tables..................................................................................................................... 5
                                         1.2    List of Figures ................................................................................................................... 7
                                     2   Americas Biofuel Market Definition .............................................................................................. 8
                                         2.1    Introduction ....................................................................................................................... 8
                                            2.1.1    Market Definition........................................................................................................ 8
                                         2.2    Classification of Americas Biofuel Market ......................................................................... 9
                                            2.2.1    Classification of Americas Biofuel Market by Geography ........................................ 10
                                         2.3    GBI Research Report Guidance ..................................................................................... 10
                                     3   Americas Biofuel Market Analysis and Forecasts ...................................................................... 11
                                         3.1    Americas Biofuel Market, Market Force Analysis ............................................................ 11
                                            3.1.1    Americas Biofuel Market, Key Drivers ..................................................................... 11
                                            3.1.2    Americas Biofuel Market, Key Restraints................................................................. 13
                                            3.1.3    Americas Biofuel Market, Key Challenges............................................................... 14
                                         3.2    Americas Biofuel Production and Consumption .............................................................. 15
                                            3.2.1    Americas Biofuel Production (Mbblpd) .................................................................... 15
                                            3.2.2    Americas Biofuel Production (Mbblpd) by Types ..................................................... 17
                                            3.2.3    Americas Biofuel Production (Mbblpd), on the Basis of Geography ........................ 21
                                            3.2.4    Americas Biofuel Production, Scenario Analysis ..................................................... 25
                                            3.2.5    Americas Biofuel Consumption (Mbblpd), by Types ................................................ 26
                                            3.2.6    Americas Biofuel Consumption (Mbblpd), On the basis of Geography .................... 30
                                     4   Americas Biofuel Market, Major Country Analysis ..................................................................... 34
                                         4.1    US Biofuel Market Analysis ............................................................................................. 34
                                            4.1.1    US Feedstock Production Assessment ................................................................... 34
                                            4.1.2    US Biofuel Production (Mbblpd), 2005–2020........................................................... 44
                                            4.1.3    US Key Biofuel Plants, 2005–2020.......................................................................... 46
                                            4.1.4    US Biofuel Consumption, 2005–2009...................................................................... 51
                                            4.1.5    US Biofuel Market, Key Policies .............................................................................. 52
                                            4.1.6    US Biofuel Market, Key Companies ........................................................................ 56
                                         4.2    Brazil Biofuels Market Analysis ....................................................................................... 62
                                            4.2.1    Brazil Feedstock Production Assessment................................................................ 62
                                            4.2.2    Brazil Biofuel Production (Mbblpd), 2005–2020....................................................... 68
                                            4.2.3    Brazil Key Biofuel Plants, 2009................................................................................ 70
                                            4.2.4    Brazil Biofuel Consumption, 2005–2009.................................................................. 71
                                            4.2.5    Brazil Biofuel Market, Key Policies .......................................................................... 73
                                            4.2.6    Brazil Biofuel Market, Key Companies .................................................................... 76
                                         4.3    Canada Biofuel Market Analysis ..................................................................................... 80
                                            4.3.1    Canada Feedstock Production Assessment, 2005–2020 ........................................ 80
                                            4.3.2    Canada Biofuel Production (Mbblpd), 2005–2020 ................................................... 90
                                            4.3.3    Canada Key Biofuels Refineries, 2009 .................................................................... 92
                                            4.3.4    Canada Biofuel Consumption, 2005–2009 .............................................................. 94
                                            4.3.5    Canada Biofuel Market, Key Policies....................................................................... 95
                                            4.3.6    Canada Biofuels Market, Key Companies ............................................................... 97
                                     5   Americas Biofuel Market , Deals and Scope............................................................................ 101
                                         5.1    Asset Finance ............................................................................................................... 101
                                         5.2    Equity Offerings ............................................................................................................ 108
                                         5.3    Debt Offerings ............................................................................................................... 111
                                         5.4    Private Equity / Venture Financing (PE/VC).................................................................. 114
                                         5.5    Mergers and Acquisitions (M&A)................................................................................... 117
                                         5.6    Scope of Next Generation Biofuels ............................................................................... 120
                                            5.6.1    Scope of Next Generation Biofuels in the US ........................................................ 121
                                            5.6.2    Scope of Next Generation Biofuels in Brazil .......................................................... 122
                                            5.6.3    Scope of Next Generation Biofuels in Canada ...................................................... 123


Biofuels Market in the Americas to 2020 - Renewable Fuel                                                                           GBICT0035ICR / Published DEC 2010
Standards and Biofuel Mandates Will Stimulate Investment
                                                                                                                                                                            Page 3
                                                                                       © GBI Research. This is a licensed product and is not to be photocopied
                                     6   Appendix.................................................................................................................................. 124
                                         6.1    About GBI Research ..................................................................................................... 124
                                         6.2    Abbreviations ................................................................................................................ 124
                                         6.3    Methodology ................................................................................................................. 125
                                            6.3.1    Coverage ............................................................................................................... 125
                                            6.3.2    Secondary Research ............................................................................................. 126
                                            6.3.3    Primary Research .................................................................................................. 126
                                            6.3.4    Expert Panel Validation ......................................................................................... 126
                                         6.4    Contact Us .................................................................................................................... 126
                                         6.5    Disclaimer ..................................................................................................................... 127




Biofuels Market in the Americas to 2020 - Renewable Fuel                                                                            GBICT0035ICR / Published DEC 2010
Standards and Biofuel Mandates Will Stimulate Investment
                                                                                                                                                                             Page 4
                                                                                        © GBI Research. This is a licensed product and is not to be photocopied
                                     1.1       List of Tables
                                     Table 1: Biofuel Market, Americas, Key Drivers ........................................................................... 11
                                     Table 2: Biofuel Market, Americas , Mandates, 2009................................................................... 12
                                     Table 3: Biofuel Market, Americas Biofuel ,Key Restraints .......................................................... 13
                                     Table 4: Biofuel Market, Americas, Key Challenges .................................................................... 14
                                     Table 5: Biofuel Market, Americas, Biofuel Production (Mbblpd), 2005–2020 ............................. 16
                                     Table 6: Biofuel Market, Americas, Biodiesel Production (Mbblpd), 2005–2020 ......................... 18
                                     Table 7: Biofuel Market, Americas, Ethanol Production (Mbblpd), 2005–2020 ............................ 20
                                     Table 8: Biofuel Market, North Americas, Biofuel Production (Mbblpd), 2005–2020................... 22
                                     Table 9: Biofuel Market, South Americas, Biofuel Production (Mbblpd), 2005–2020 ................... 24
                                     Table 10: Biofuel Market, Americas , Biodiesel Consumption (Mbblpd), 2005–2020 ..................... 27
                                     Table 11: Biofuel Market, Americas , Ethanol Consumption (Mbblpd), 2005–2020 ....................... 29
                                     Table 12: Biofuel Market, North Americas , Biofuel Consumption (Mbblpd), 2005–2020............... 31
                                     Table 13: Biofuel Market, South Americas , Biofuel Consumption (Mbblpd), 2005–2020 .............. 33
                                     Table 14: Corn Production (Million Metric Tons), US, 2005–2020 ................................................. 35
                                     Table 15: Corn Harvested Area (Million Acres), US, 2005–2020 ................................................... 36
                                     Table 16: Corn Farm Price ($/ metric tons), US, 2005–2009 ......................................................... 37
                                     Table 17: Corn Imports and Exports, (Million Metric Tons ), US, 2005–2020 ................................ 38
                                     Table 18: Soybean Production (Million Metric Tons ), US, 2005–2020 .......................................... 40
                                     Table 19: Soybean Harvested Area (Million Acres), US, 2005–2020............................................. 41
                                     Table 20: Soybean Farm Price ($/metric tons), US, 2005–2009 .................................................... 42
                                     Table 21: Soybean Imports and Exports (Million Metric Tons ), US, 2005–2020 ........................... 43
                                     Table 22: Biofuel Market, US, Biofuel Production (Mbblpd), 2005–2020 ....................................... 45
                                     Table 23: Ethanol Bio Refineries, US, 2005–2009 ......................................................................... 46
                                     Table 24: Biofuel Key Plants, US, 2009 ......................................................................................... 47
                                     Table 25: Biofuel Production Capacity (Million Gallons) vs. Number of Plants, US, 2009.............. 51
                                     Table 26: Biofuel Market, US, Biofuels Consumption (Mbblpd), 2005–2009.................................. 52
                                     Table 27: Key Biofuel Tax Credit, US, 2010................................................................................... 52
                                     Table 28: Renewable Fuel Standards (Billion Gallons Per Year), US, 2010–2022 ........................ 53
                                     Table 29: Energy Independence and Security Act of 2007, Grants ............................................... 54
                                     Table 30: Biofuel Infrastructure, Description, 2009.......................................................................... 55
                                     Table 31: Farm Bill 2008 Title IX, Description, 2009 ...................................................................... 55
                                     Table 32: Major Products and Services, Renewable Energy Group, Inc........................................ 57
                                     Table 33: Major Products and Services, Valero Energy Corporation, 2009 ................................... 60
                                     Table 34: Major Product and Services, POET, LLC ....................................................................... 61
                                     Table 35: Sugarcane Production (Million metric tons ), Brazil, 2005–2020 .................................... 63
                                     Table 36: Sugarcane Harvested Area (Million Acres), Brazil, 2005–2020...................................... 64
                                     Table 37: Hydrous and Anhydrous Ethanol Prices ($/liter), Brazil, 2005–2009 .............................. 65
                                     Table 38: Production Cost at Various Stages of Sugarcane Production (%), Brazil, 2009............. 66
                                     Table 39: Ethanol Exports (Billion Gallons), Brazil, 2005–2009 ..................................................... 67
                                     Table 40: Biofuels Market, Brazil , Biofuels Production (Mbblpd), ,2005–2020 ............................. 69
                                     Table 41: Key Biofuel Plants, Brazil, 2009 ..................................................................................... 70
                                     Table 42: Biofuel Market, Brazil , Biofuel Consumption (Mbblpd), , 2005–2009 ............................ 71
                                     Table 43: Brazilian Flex and Alcohol Powered Vehicle Sales (Units) and Percentage Growth(%),
                                                2005–2009 ..................................................................................................................... 72
                                     Table 44: Energy Consumption Sources, Brazil, 2009................................................................... 73
                                     Table 45: Sectoral Funds in Brazil, 2009 ....................................................................................... 75
                                     Table 46: Major Product and Services, Petrobras, 2009................................................................ 78
                                     Table 47: Corn Production (Million Metric Tons ), Canada, 2005–2020......................................... 81
                                     Table 48: Corn Harvested Area (Million Acres), Canada, 2005–2020........................................... 82
                                     Table 49: Corn Imports (Million Metric Tons ), Canada, 2005–2009 .............................................. 83
                                     Table 50: Corn Commercial Sales Price ($/metric tons), Canada, 2005–2009 .............................. 84
                                     Table 51: Rapeseed Production (Million Metric Tons ), Canada, 2005–2020 ................................ 86
                                     Table 52: Rapeseed Harvested Area (Million Acres), Canada, 2005–2020 ................................... 87
                                     Table 53: Rapeseed Imports and Exports (Million metric tons ), Canada, 2005–2009 .................. 88
                                     Table 54: Canada Rapeseed Producer Price ($/metric tons), 2005–2009 ..................................... 89
                                     Table 55: Biofuel Market, Canada, Biofuel Production (Mbblpd), 2005–2020............................... 91
                                     Table 56: Key Biofuels Refineries, Canada, 2009.......................................................................... 92
                                     Table 57: Biofuels Market, Canada, Biofuel Consumption (Mbblpd), 2005–2009 .......................... 94
                                     Table 58: Major Product and Services, Husky Energy Inc, 2009 ................................................... 98
                                     Table 59: Biofuels Market, Americas, Asset Finance Deals, 2005–2010 ..................................... 101
                                     Table 60: Biofuel Market, Americas, Key Asset Finance Deals, 2010.......................................... 102

Biofuels Market in the Americas to 2020 - Renewable Fuel                                                                         GBICT0035ICR / Published DEC 2010
Standards and Biofuel Mandates Will Stimulate Investment
                                                                                                                                                                        Page 5
                                                                                      © GBI Research. This is a licensed product and is not to be photocopied
                                     Table 61:   Biofuels Market, Americas, Equity Offering Deals, 2005–2010 .................................... 108
                                     Table 62:   Biofuel Market, Americas, Key Equity Offering Deals, 2010......................................... 109
                                     Table 63:   Biofuels Market, Americas, Debt Offering Deals, 2005–2010 ...................................... 111
                                     Table 64:   Biofuel Market, Americas, Key Debt Offering Deals, 2010 ........................................... 112
                                     Table 65:   Biofuels Market, Americas, PE/VC Deals, 2005–2010 ................................................. 114
                                     Table 66:   Biofuel Market, Americas, Key PE/VC Deals, 2010 ..................................................... 115
                                     Table 67:   Biofuels Market, Americas, M&A, Deals, 2005–2010 ................................................... 117
                                     Table 68:   Biofuel Market, Americas, Key M&A Deals, 2010 ........................................................ 118
                                     Table 69:   US, Next Generation Biofuel Plants, 2009 ................................................................... 121
                                     Table 70:   Next Generation Biofuels, Key Initiatives, Brazil, 2009 ................................................ 122
                                     Table 71:   Algal Biofuels Development, US–Canada, Description, 2009 ...................................... 123
                                     Table 72:   Abbreviations ............................................................................................................... 124




Biofuels Market in the Americas to 2020 - Renewable Fuel                                                                       GBICT0035ICR / Published DEC 2010
Standards and Biofuel Mandates Will Stimulate Investment
                                                                                                                                                                        Page 6
                                                                                    © GBI Research. This is a licensed product and is not to be photocopied
                                     1.2       List of Figures
                                     Figure 1: Biofuel Market, Classification of Biofuels, 2009................................................................ 8
                                     Figure 2: Biofuel Market, Supply Chain, 2009 ................................................................................. 9
                                     Figure 3: Biofuel Market, Americas, Key Drivers ........................................................................... 11
                                     Figure 4: Biofuel Market, Americas, Key Restraints ...................................................................... 13
                                     Figure 5: Biofuel Market, Americas, , Key Challenges ................................................................. 14
                                     Figure 6: Biofuel Market, Americas, Biofuel Production (Mbblpd), 2005–2020 ........................... 15
                                     Figure 7: Biofuel Market, Americas, Biodiesel Production (Mbblpd), 2005–2020 .......................... 17
                                     Figure 8: Biofuel Market, Americas, Ethanol Production (Mbblpd), 2005–2020 .......................... 19
                                     Figure 9: Biofuel Market, North Americas, Biofuel Production (Mbblpd), 2005–2020.................... 21
                                     Figure 10: Biofuel Market, South Americas, Biofuel Production (Mbblpd), 2005–2020 ................... 23
                                     Figure 11: Biofuel Market, Americas, Biofuel Production (Mbblpd), Scenario Analysis, 2005–202025
                                     Figure 12: Biofuel Market, Americas , Biodiesel Consumption (Mbblpd), 2005–2020 ..................... 26
                                     Figure 13: Biofuel Market, Americas , Ethanol Consumption (Mbblpd), 2005–2020 ....................... 28
                                     Figure 14: Biofuel Market, North Americas , Biofuel Consumption (Mbblpd), 2005–2020............... 30
                                     Figure 15: Biofuel Market, South Americas , Biofuel Consumption (Mbblpd), 2005–2020 .............. 32
                                     Figure 16: Corn Production (Million Metric Tons), US, 2005–2020 ................................................. 34
                                     Figure 17: Corn Harvested Area (Million Acres), US, 2005–2020 ................................................... 36
                                    
				
DOCUMENT INFO
Description: Biofuels Market in the Americas to 2020 - Renewable Fuel Standards and Biofuel Mandates Will Stimulate Investment Summary GBI Research’s new report, “Biofuels Market in the Americas to 2020 - Renewable Fuel Standards and Biofuel Mandates will stimulate investment” provides key information and analysis on the market opportunities in the biofuels market in the Americas. The report does a comprehensive evaluation of the market forces influencing the biofuel market. It also focuses on the production and consumption trend of biofuels by their types. The global biofuel industry has been witnessing sustainable growth and developments for the past few years in the backdrop of continued challenges with the availability of fossil fuels and the impact of global warming. Therefore, many economies have turned their attention towards biofuels. Many countries are supporting the biofuel industry in the form of subsidies and tax incentives which keep the biofuel producing companies profitable. The report focuses on the potential development of next generation biofuel and their growth. Many governments have implemented mandatory biofuel blend with the conventional fuel — this has triggered the demand of biofuels in various end user applications. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts. Scope The report analyses market opportunities and key investment areas in the biofuel market. Its scope includes: - Key countries including the US, Brazil and Canada. - Biofuel production from 2005 to2009, forecast forward for 11 years to 2020. - Biofuel consumption from 2005 to 2009, forecast forward for 11 years to 2020 - Key topics includes: biofuel feedstock and market behavior, regulatory framework including various biofuel standards and various initiatives taken by biofuel companies. Reasons to buy The report will enhance your decision
BUY THIS DOCUMENT NOW PRICE: $3500 100% MONEY BACK GUARANTEED
PARTNER GBI Research
GBI Research is a market-leading provider of business intelligence reports. GBI Research covers worldwide markets and issues, supplies actionable data and forecasts and is driven by industry leaders’ insights. GBI Research provides a broad spectrum of reports across the healthcare and energy industries and its online offering is easy to navigate - a comprehensive resource for business information needs. Headquartered in the UK, the company has branches in the US and Asia, and provides world class client support and service.