00:27, 02.07.2008 — Новости
автор: OilWorld.Ru

DJ World 2008 Biofuels Output Revised Down To 1.35 M B/D - IEA


LONDON (Dow Jones)--World biofuels production in 2008 is seen down slightly
at 1.35 million barrels per day, compared with the May forecast of 1.5 million
barrels per day, the International Energy Agency said Tuesday.

Despite the lower estimate, 2008 biofuel production is still set to eclipse
the IEA's 2007 biofuels output projection of 1.06 million barrels per day.

The downward revision was a result of reduced output from European and Asian
countries where mandatory blends are being questioned or withdrawn, said the
IEA.

"The allegation that biofuels' feedstock needs have driven up food prices and
question marks about environmental benefits have led many countries to
reconsider planned or existing mandatory blending requirements and subsidies,"
said the IEA.

However, the IEA estimates future biofuel production growing to 1.95 million
barrels per day by 2013, mainly attributable to the expansion of the U.S.
ethanol industry.

According to the IEA, despite strong growth forecasts in the near term, the
biofuels industry is constricted by factors including land availability,
infrastructure, vehicles' ability to take higher blends, and the economics of
biofuels production.

Flooding in the U.S. last month could also curtail the country's corn
production and impact ethanol output.

Nonetheless, biofuels are expected to provide a significant portion of the
growth in non-Organization of Petroleum Exporting Countries supply going
forward.

"Biofuels have become a substantial part of faltering non-OPEC supply growth,
contributing around 50% of incremental supply in the 2008-2013 period," said
the IEA.

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