The world’s bioeconomy currently consists of biofuels, biochemicals, biomass power, and bio-based products. At the end of March 2017, leaders in these fields will meet in Amsterdam at World Bio Markets XII to discuss opportunities in these areas, network, partner, share knowledge, and make connections that will grow the bioeconomy in the coming years. The bioeconomy produces fuel through biological processes such as agricultural and anaerobic digestion rather than producing fuel from geological deposits of fossil fuels.
A new report, “OECD-FAO Agricultural Outlook,” discusses trends in food production and consumption globally with one section focused on commodity analysis of many different commodities including biofuels. The chapter on biofuels includes discussion of US biofuel mandates and assumptions, the share of feedstock used for biofuel, worldwide ethanol production and trade, regional distribution of world ethanol production by 2025, world biodiesel production and trade, and regional distribution of world biodiesel production by 2025.
The US Energy Information Administration (EIA) has created a graph of the US production of petroleum and other liquids from 2000 to 2040 in millions of barrels per day. The graph puts into perspective the share that biofuels will play in the overall energy picture.
Biofuels Use Beyond 2017 (Image Courtesy http://www.eia.gov/todayinenergy/detail.php?id=27012)
Biofuels Digest created a list of trends in the biofuels industry:
- The possibility of continued falling oil prices
- Policy uncertainty
- Tax credits
- Broader global distribution
- Reduction in greenhouse gas emissions by 85%
- Biofuel blends
- New processing technologies
- High Free Fatty Acids (FFA) feedstocks
- A positive in the low carbon oriented markets
- Mandates
- Achieving policy parity
- Biofuel catching on in the USA
- Trade parity
- Globalization
The following video explains the “Blue Bioeconomy.”
