Bioethanol Market: Evaluating the Impact of Government Policies and Regulations on Market Growth
Bioethanol: A sustainable future fuel History of bioethanol as a fuel While bioethanol has gained mainstream popularity only in the past few decades, its use as a fuel source dates back several centuries. One of the earliest documented uses of bioethanol was in the 1800s when George Washington Carver developed ways to produce ethanol from sweet potatoes as a substitute for gasoline. However, large scale production and use began in the 1970s during the oil crisis when there was a push to find alternative renewable fuels to lessen dependency on imported petroleum. Brazil was one of the pioneering countries that implemented nationwide programs for bioethanol production and use. In 1975, the ProƔlcool program was launched which promoted the blending of ethanol in gasoline. Over the decades, Brazil invested significantly in ethanol infrastructure including dedicated flex-fuel vehicles that can run on any blend of gasoline and ethanol. Today, Brazil is the second largest producer of bi...