Global biofuel output to soar in next decade: report

Posted by Reuters

Global production of biofuels is forecast to rise rapidly in the next decade, helped by high government blending targets, the OECD and the UN's FAO food agency said in a report published on Thursday. Increased blending mandates should stimulate demand and boost international trade in the initial years of the (2008-2017) outlook," the report said.

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