Europe's lack of political direction is responsible for the fact that it lags behind the U.S. China and Brazil in biofuel development, according to Novozymes CEO Steen Riisgaard. The tops three countries are moving ahead with plans, such as Brazil's goal to displace 10 percent of global gasoline use with ethanol by 2020, China's testing of corn-based ethanol or the fuel standards the U.S. has set requiring ethanol use, Bloomberg reported.

(Bloomberg, July 29, 2010)

(http://www.bloomberg.com/…)

DTN: The EU has set a target that 10 percent of its fuel should come from biofuels by 2020, however, that goal has become hindered by continuing disputes over using farmland for biofuels versus food crops. The second-generation biofuels, however would come from sources such as grasses and crop waste rather than food crops. (Cheryl Anderson)