Biofuels are environment-friendly fuels, and their utilization would pave the solution to
global concern about the containment of carbon emissions. They are derived from renewable biomass resources and therefore provide strategic advantages to promote sustainable development and supplement conventional energy sources in meeting rapidly increasing requirements for transportation fuels associated with high economic growth and meeting the energy needs of India’s vast rural population. As sustainability takes center stage, the exploration of alternative energy sources remains crucial, and Top Biofuels Market Trends indicate a strong shift towards renewable, eco-friendly solutions. Using biofuels will reduce crude oil imports, create a cleaner environment and enhance farmers’ income.
The thrust for biofuel is also in synergy with the government’s initiatives for Make in India,
Aatmanirbhar Bharat and Swachh Bharat. The government is also giving a fillip to
producing biofuels like Bioethanol, Biodiesel, Bio-CNG, and advanced biofuel produced
from lignocellulose feedstocks besides drop-in-fuels sourced from biomass, agri-residue and municipal solid waste.
The push for carbon neutrality has accelerated the demand for biofuels, and staying informed about the Top Biofuels Market Trends is vital for companies seeking to align with global environmental goals. Biofuels like ethanol and biodiesel emit less particulate pollution than fossil fuels. Thus, they do not contribute to global warming as they produce carbon dioxide already in the atmosphere.
In recent years, various policies have been designed globally for the production and use of biofuels to enhance energy security and mitigate greenhouse gas emissions. They do not require structural changes for vehicle uses and some heating equipment. The Oil and Gas Industry plays a pivotal role in the global energy sector, fueling economies, supporting jobs, and shaping modern infrastructure developments worldwide.
World Biofuel Day is observed every year on August 10 to create awareness of various
sustainable, biodegradable, and renewable fuels. The day also honours the research
experiments by Sir Rudolf Christian Karl Diesel (inventor of the diesel engine), who ran an
engine with peanut oil in 1893. The Ministry of Petroleum and Natural Gas (MOP&NG) has
been observing this day since the year 2015. It also spells out the importance of non-fossil
fuels as an alternative to conventional fossil fuels and highlights various efforts and schemes of the government in the biofuel sector.
The National Policy on Biofuel – 2018, amended in 2022, intends to ensure the adequate and sustained availability of domestic feedstock for biofuel production, increasing farmers’
income, import reduction, employment generation and waste-to-wealth creation.
The policy exhibits the centre’s push towards strengthening the country’s energy
infrastructure while promoting the sustainability agenda.
The major thrust areas in the field of biofuels are:
- Compressed Biogas (CBG)
- Sustainable Aviation Fuel (SAF)
- Waste to Energy
Bioethanol production has undergone generations (1G, 2G and 3G) with technological advancement and diversity in feedstocks. First-generation bioethanol is produced from biomass such as sugar-containing material (like, sugarcane juice, molasses and starch) and starch-containing materials (such as corn, cassava, rotten vegetables and damaged food grain). 2G ethanol is produced using lignocellulosic biomass, i.e. non-edible farm waste left over after harvest, wood and other forestry wastes. 3G ethanol is produced using gas fermentation technology from Pressure Swing Adsorption (PSA) in off-gases (containing CO, H2, CO2). Ethanol supply and blending achieved by Oil Marketing Companies (OMCs) as of 31.7.22 is 10.16%, with an indicative target of 20% blending of ethanol in petrol by 2030 (now preponed to 2025). Oil Marketing Companies (OMCs) are producing various generations of ethanol, with the dedication of its 2G ethanol plant (100 KL PD) at Panipat by Honourable PM in 2022. A 3G ethanol plant at Panipat is in the advanced stage of setting up, with technical assistance from Lanzatech. Investors and businesses alike are closely monitoring the Top Biofuels Market Trends, as advancements in technology and government incentives drive the growth of biofuel adoption across various industries.
Sources: Author’s experience
Citation: This Insight may be cited as InfEneTy ‘ Biofuels – Value Extraction from Secondary Resources(Doable Acts)’ 15.03.2023
Tags: Biofuels, Biorefinery, Circular bioeconomyAbout InfEneTy
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