Market
According to Emerging Markets Online, the global market
for biodiesel is poised for explosive growth in the next ten years. In the
USA, the market for biodiesel is growing at an alarming rate. Biodiesel
consumption in the U.S. grew from 25 million gallons per year in 2004 to
78 million gallons in 2005 and 300 million gallons in 2006. Production reached
approximately 750 million gallons in 2007, and continues to grow. Catallowyst is developing a new type of reusable catalyst based on inexpensive and environmentally friendly materials. Laboratory results show that this catalyst has the potential to revolutionize the way biodiesel is made. By using our catalyst, manufactures can reduce the number of manufacturing steps while improving yields and gaining better control over their process, thus realizing significant saving in both time and money. |