Environmental Regulations Kindle the Southeast Asian Automotive Biofuels Market, Finds Frost & Sullivan

Environmental Regulations Kindle the Southeast Asian Automotive Biofuels Market, Finds Frost & Sullivan PR Newswire SINGAPORE, Sept. 19, 2012 - Removing subsidies for conventional fuels and providing incentives for biofuels will bolster market growth SINGAPORE, Sept. 19, 2012 /PRNewswire/ -- Sourced from agricultural products such as plant-based oils, animal fats and ethanol from naturally occurring sugar sources, biofuels are renewable chemicals and an environment-friendly alternative to crude oil-based fuels. Biodiesels emit fewer pollutants such as particulate matter, nitrogen oxide, carbon monoxide, and hydrocarbons, which conventional fuels such as petrol and diesel release in large quantities due to incomplete combustion of the fuel inside the combustion engine. New analysis from Frost & Sullivan (http://www.chemicals.frost.com), Strategic Analysis of Southeast Asian Automotive Biofuels Market, finds that the market earned revenues of more than $1.78 billion in 2011 and estimates this to reach $ 4.3 billion in 2017. Following the signing of the Kyoto Protocol, Southeast Asian governments introduced different blending mandates for biofuels to curb emissions, boost agriculture and protect against fluctuations in the crude oil market. "Importantly, most Southeast Asian countries are importers of crude oil," said Frost & Sullivan Research Analyst Shree Vidhyaa Karunanidhi.