Bolstering a Biofuels Market in the Middle East

The global demand for fossil fuels is swelling against a tight economic environment, and the Middle East is no exception. The domestic consumption of energy in the region is increasing at an astonishing rate. Saudi Arabia’s consumption of oil and gas has risen by approximately 5.9 percent over the past five years, while electricity demand is witnessing an annual growth rate of 8 percent. Although Middle Eastern countries are the world’s leading producers of fossil fuels, several clean technology initiatives have been launched in the last few years, indicating the region’s commitment to exploiting renewable sources of energy.

via Renewable Energy News – RenewableEnergyWorld.com http://ift.tt/1NkSgRS

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