A
biofuel is a fuel
that contains energy from geologically recent carbon
fixation. These fuels are produced from living
organisms. Examples of this carbon
fixation occur in plants and microalgae. These fuels are made by a biomass
conversion. This biomass can be
converted to convenient energy containing substances in three different ways:
thermal conversion, chemical conversion, and biochemical conversion. Biofuels have increased in popularity because
of rising oil prices
and the need for energy security. Technologies mainly used for
bioethanol production is fermentation and for biodiesel, is esterification.
The
biofuels (bioethanol and biodiesel) production in top and emerging countries
like U.S., Brazil, France, Spain, India, Colombia, Thailand, Sweden, Belgium,
and Netherlands, is expected to grow from 102,896 million liters in 2011 to
150,975 million liters in 2016 at CAGR of 8% for the same period. The markets
representing high growth rate are Sweden (32.2%), Colombia (24.4%), India
(19.7%), and Thailand (16.3%), while the countries like Sweden (0.33%),
Netherlands (0.33%), Belgium (0.63%), and Colombia (0.65%) are at nascent stage
in biofuel production.
The
liquid biofuels market is divided with respect to production, consumption,
trends, forecasts, and policies and regulations. The major players are selected
from these countries
The global liquid biofuels market can be overviewed by factors like, market dynamics; competitive landscape, market share of major players, and patent analysis.Top & Emerging Biofuels Market Biofuels market can be again classified on the basis of Technology, Feedstocks, Regulations, Pricing & Commercialization Trends & Forecasts.
As
of 2010, global biofuels production market is largely dominated by U.S.
(45.9%), Brazil (29.3%), and France (3.75%).The countries like India (1.3%),
Spain (1.14%), and Thailand (1.04%) are in growth stage, while the countries
like Sweden (0.33%), Netherlands (0.33%), Belgium (0.63%), and Colombia (0.65%)
are at nascent stage in biofuel production.
Biofuels
market analysis is important to highlight key market trends and formulate winning
strategies useful and actionable for the stakeholders i.e. bioethanol
producers, biodiesel producers, petroleum companies, feedstock suppliers,
biofuel project developers, biofuel research institutes, and biofuel process
equipment suppliers.
There
are various social, economic, environmental and technical issues with biofuel
production and use, which have been discussed in the popular media and scientific
journals. These include: the effect of moderating oil prices,
the "food vs fuel" debate, poverty
reduction potential, carbon
emissions levels, deforestation
and soil erosion,
loss of biodiversity,
impact on water resources, as well as energy balance and
efficiency. It concluded that not all biofuels perform equally in terms of
their impact on climate, energy security and ecosystems, and suggested that
environmental and social impacts need to be assessed throughout the entire
life-cycle.
Importance
Ødue
to their low carbon emissions,
Ø government
support,
Ø growing
automobile industry,
Ø volatile
and rising crude oil prices and
Ø energy
sustainability with new opportunities
This
all results in scaling up production with utilization of new feed stocks like
jatropha and algae for biodiesel and cellulosic feed stocks for bioethanol.
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