Honors College Thesis
 

A Comparison of Biofuel Market Potential in Selected Countries

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https://ir.library.oregonstate.edu/concern/honors_college_theses/qv33rz720

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  • Global population growth and dependence on traditional energy sources has created an interest in biofuels and other alternatives to traditional energy. The economic disparity between countries raises questions about their ability and willingness to create biofuel markets. The purpose of this study was to examine the relationship of specific factors of selected wealthy and less wealthy countries with respect to their potential for biofuel market development. The selected countries were the United States, Brazil, Germany, Japan, Cost Rica, Tanzania, and Thailand. Through this introductory study of the relationship between the selected wealthy and less wealthy countries and the specific factors examined, opportunities and barriers to biofuel market development have been ranked and examined. The selected factors inventoried and compared for each country were: the cost of gasoline, petroleum-based transportation, domestic petroleum, access to infrastructure, infrastructure investment, private industry, government support, personal income, population growth. This study found of the selected characteristics, Brazil ranked with the highest potential for a biofuels market out of the seven countries with one possible barrier, petroleum based transportation. The United States and Costa Rica both ranked second each with two potential barriers. The United States two barriers were the cost of gasoline and petroleum based transportation. Costa Rica’s two barriers were private industry and access to infrastructure. Ranking third was Thailand with three potential barriers. Ranked fourth was Germany and Tanzania, with four possible barriers and ranked last was Japan with five possible barriers. The results brought into question the common assumption that biofuels are related to the wealth of a country and countries that are not as wealthy do not have as many potential opportunities for biofuel market development. All factors inventoried and compared were found to play an important role in the development of biofuel markets.
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