Bio-Energy Market:
Executive Summary
Bio-energy is considered as one of the diverse resources which help in meeting the rising demand for energy. It is a kind of renewable energy which is mostly derived from the dead organic materials, popularly known as biomass. It can be easily used for the manufacture of transportation fuels, electricity, heat as well as various other products. As the industry of the bioenergy is huge, it helps in shaping the future thus, making it sustainable and economical simply by supplying the domestic clean energy sources, helps in revitalizing the rural economy.
As Bio-energy is mainly achieved from both the algae and the plant-based materials, it is considered as the versatile renewable energy source. These can be easily converted into transportation fuels that are similar to that of the fossil-based fuels like gasoline, diesel as well as fuels. The concept of this technology helps in reusing of the carbon emission from the biomass, and the water streams into the reduced emissions for different reduced emissions fuels like trucks, jets, cars, etc. Using the bioenergy helps in reducing the carbon footprint thus leading to improve the environmental conditions.
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The Bio-energy comes from the agriculture farms and these are mostly grown in the farms solely for the as energy resources. Some of the common items that are used as bioenergy are starch, any kind of sugar-based plants etc. It is considered as one of the best replacement for fossil fuels since it emits greenhouse gas which leads to the problem of global warming. It also gives out dangerous pollutants like sculpture dioxide that helps deteriorating health. Due to all of these reasons, it has been accepted by people all around the world.
Market Key Player
Abengoa Bioenergy, Amyris, BP, Butamax Advanced Biofuels, Ceres, Enerkem, Joule Unlimited, LanzaTech, Novozymes, Sapphire Energy
Market segmentation
Bio-energy is the one that is mainly stored in the biological matter, and it can be anything like plants to straw, and even stale food as well. These materials are mostly used for the energy content which is popularly known as food waste or sewage. At times, the feedstocks are also grown particularly for the content of bioenergy. Waste products from industries like agriculture waste, timber by-products, and food processing wastes are also used as Bio-energy. The world market of Bio-energy had the value of 174300 million US$ during the year 2018 and is foreseen to reach 255600 million US$ by the year 2025 during the phase of 2019-2025. Based on the types, the market of bioenergy can be divided into bioethanol, biogas, biodiesel etc. Bioethanol mostly comes from the sugar fermentation method but it can also be produced by using the chemical process of reacting ethylene with steam. Similarly, biodiesel is mainly a renewable fuel which is produced from vegetable oils, recycled restaurant grease, and animal fats. The market of Bio-energy can be further divided based on the geographical segmentation and the regions that have shown major growth are North America, China, Southeast Asia, Japan, Europe, and India.
Continuous…
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