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According to our new research report "Global [Biofuel](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) Market Analysis", the global bio-fuel market will witness a fast development track from 2010 onwards in the background of depleting fossil fuels and destruction of ecological conditions. It is [forecasted](https://www.google.com/search?kgmid=/m/0cqd_rb) that, the global bio-fuel market will grow at a CAGR of around 18% during 2010-2013. Further, many governments around the world have actually been carrying out compulsory bio-fuel blend with the [traditional fuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to further increase up the demand for [biofuel](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4).
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Our research study suggests that, as the [increased](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) use of sustainable and alternative fuels can result in significant [decreases](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in the use of petroleum-based fuels \ No newline at end of file