How much foreign/imported oil in the US will butanol and other BP biofuels displace?
The US is the major consumer of biofuels today and currently 2% of all transport fuel in the US is from ethanol. We believe that biofuels will become a material part of the road transport fuel supply – reaching perhaps 20-30% of the total market post 2030 in key regions. According to the DOE Vision for Bioenergy and Biobased Products in the United States. the government has set a goal of displacing 10% of the petroleum used in the US with biomass derived fuel and products by 2020.
