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.
