Monday, 5 January 2015
The emergence of cellulosic ethanol have been a game changer for the global second generation biofuels market
Allied Market Research published a report titled “Global Second Generation Biofuels (Advanced Biofuels) Market (Fuel Types, Feedstock Types and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 – 2020.” The report expects the market to achieve a figure of $23.9 billion by 2020.
The report explains minute details of the global second generation biofuels market and gives insightful data through precise market analysis.
The emergence of cellulosic ethanol have been a game changer for the global second generation biofuels market. The major factors driving the growth of cellulosic ethanol is that it reduces dependences on external oils, produces job; especially in the rural areas, reduces trade deficits and pollution.
Cellulose is the most common organic compound found in the earth that comprising the cell walls of every plant. The sugars present in the lignocellulose is processed into alcoholic fuel called as ethanol.
“The cellulosic ethanol is presently an emerging technology and requires a technological advancement for cost reduction so that it could be commercially viable. Cellulosic ethanol is produced from municipal solid waste and several agricultural wastes, namely corn stover, bagasse, sugarcane wastes, wood wastes, grasses etc.,” states AMR analyst.
“The cellulosic ethanol industry is now at a crucial stage in its development as a sustainable alternative fuel. With uniquely integrated technology and operational experience, manufacturers are focusing on three major areas, such as feedstock, conversion and licensing, production & delivery for successful commercialization of the cellulosic ethanol,” adds analyst.
Cellulosic ethanol is still in the developing stage. To make it grow, there has to be a steady supply of the livestock and manufacturers must have financial supports to make it commercially viable.
Labels: Materials & Chemicals