Advanced Biofuel Market Trends, Demand, Development And Forecast By 2023


Posted October 3, 2018 by PreetiVerma

Advanced Biofuel Market has been segmented into thermochemical and biochemical.

 
Advanced biofuel are the fuels, which can be produced from various types of non-food biomass such as agricultural waste streams, lignocellulose, woody crops, and others. This type of biofuel is known as second-generation biofuel. In first generation biofuel production technology, biofuel is produced from vegetable oils and sugars found in food crops.

In thermochemical process, the biomass is heated at high temperatures in the presence or absence of oxygen. The entire process produces mixture of gases and solid char, then, the produced gas mixture is fermented or chemically treated to produce range of biofuel. In biochemical process, hydrolysis of the biomass is performed to produce cellulose fractions. In the next step, the cellulose fractions are fermented to produce different types biofuels. 

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The Advanced Biofuel Market has been divided into energy crops, municipal solid waste, green waste, and black liquor. Under energy crops, algae raw material and plants are made from lignin, cellulose, and hemicellulose are considered. These plants can be grown in wastewater and require minimal caring. In addition, as compared to other raw materials, growth rate of energy crops is significantly higher. Owing to such benefits, as of 2017, demand for energy crops as raw material for production of second-generation biofuel surpassed the demand for other raw materials.

In coming years, rapid commercialization of second generation cellulosic ethanol and biodiesel market is expected owing to supportive government regulations and increasing collaboration between countries to optimize the production process. In Germany, SUNLIQUID project has already been established to produce cellulosic ethanol from leaves and stalks of rice straw, maize, and sugar cane. Since 2012, this project is producing up to 1000 metric tons of bioethanol annually.

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Advanced Biofuel Market is driven by factors such as supportive government regulations promoting the usage of second-generation biofuel in different end use sectors including manufacturing and energy sector, and growing concern regarding food sustainability of first-generation biofuel among stakeholders. In addition, depleting carbon-based fossil fuel is also promoting the usage of second-generation biofuel among users.

Some of the major players operating in the global advanced biofuel market are Abengoa Bioenergy, Algenol Biotech, A2BE Carbon Capture, LLC., Chemtex company, Bangchak Petroleum Plc., Clariant, DowDuPont Inc., Fujian Zhongde Energy Co., Ltd, and Inbicon A/S, GranBio.

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Issued By P&S Intelligence
Country India
Categories Business , News , Research
Last Updated October 3, 2018