Biofuels Biodiesel -MARKET ADVISORY SERVICES
Biofuels are considered renewable energies, emit less than fossil fuels, and have received increasing attention in the transition to a low-carbon economy.
Bioethanol (aka ethanol) is the most well know biofuel and is an alcohol produced from corn, sorghum, potatoes, wheat, sugar cane, even cornstalks and vegetable waste.
Biofuels are gaining importance in recent years due to their low carbon emissions, government support, growing automobile industry, volatile and rising crude oil prices, and energy sustainability with new opportunities resulting in scaling up production with utilization of new feed stocks like jatropha and algae for biodiesel and cellulosic feed stocks for bioethanol.
Technologies mainly used for bioethanol production is fermentation and for biodiesel, and esterification.
Global Biofuels and Biodiesel market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period.