I am kind of confused. It is not a fossil fuel, such as oil, right??
Biofuel is derived from biomass — recently living organisms or their metabolic byproducts, such as feces from cows. It is a renewable energy source, unlike other natural resources such as petroleum, coal, and nuclear fuels. Agricultural products specifically grown for use as biofuels include corn and soybeans, primarily in the United States; flaxseed and rapeseed, primarily in Europe; sugar cane in Brazil; palm oil in South-East Asia; and jatropha (though not an agricultural product) in India. Biodegradable outputs from industry, agriculture, forestry and households can be used; examples include straw, timber, manure, rice husks, sewage, biodegradable waste, and food leftovers; they can be converted to biogas through anaerobic digestion. Biomass used as fuel often consists of underutilized types, like chaff and animal waste. The quality of timber or grassy biomass does not have a direct impact on its value as an energy-source.
Biofuels are currently significantly less carbon neutral than other forms of renewable energy due to the high use of fossil fuels in the production of biofuels. The combustion of biofuels produce carbon dioxide and other greenhouse gases. The carbon in biofuels is often taken to have been recently extracted from atmospheric carbon dioxide by plants as they have grown. The potential for biofuels to be considered to be "carbon neutral" depends upon the carbon that is emitted being reused by further plant growth. Clearly however, cutting down trees in forests that have grown for hundreds, or thousands of years for use as a biofuel, without the replacement of this biomass would not have a carbon neutral effect. Many people believe that a way to reduce the amount of carbon dioxide released into the atmosphere is to use biofuels to replace non-renewable sources of energy.
Marketing strategy of ethanol.
The concept of biofuels has existed since the invention of the motor vehicle. For instance, at the beginning of the 20th century, Henry Ford intended to power his Model Ts with ethanol, and initial diesel engines used peanut oil for running. With the discovery of enormous deposits of petroleum, gasoline and diesel was available cheaply, thereby relegating biofuels to the background. However, the recent spurt in oil prices, coupled with mounting concern related to global warming associated with carbon dioxide (CO2), emissions have resulted in the reemergence of biofuels as viable alternatives.
This report analyses the global market for Biofuels and the product segments analyzed in this report include Ethanol and Biodiesel. Rich statistical analysis is carried out for the global and the regional markets including the North America, European Union-27 (Germany, France, Spain, United Kingdom, Poland, Benelux, Sweden and Rest of EU-27), Asia-Pacific (Australia, China, The Philippines, Thailand and Rest of Asia-Pacific), South America (Argentina, Brazil, Peru and Rest of South America) and Rest of World.
The global market for Biofuels is expected to reach about 59.2 billion gallons by 2020 from 27.4 billion gallons in 2010, registering a Compounded Annual Growth Rate (CAGR) of 8% during the analysis period, 2010-2020. Asia-Pacific is projected to be the fastest growing region in terms of both Ethanol and Biodiesel consumption with CAGRs of 16.5% and 11% respectively during the period 2010-2020. North America is expected to be the second fastest growing region for Biodiesel consumption with 15% CAGR while South America follows with 8.6%.
This 270 page global market report includes 140 charts (includes a data table and a graph for each chart), supported with meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region and Biofuel product segment.
The study includes the brief business profiles of 33 key global players and 74 major players across North America – 37; Europe (EU-27) – 29; Asia-Pacific – 6 and South America – 2. The report also provides the listing of the companies engaged in research, technology development, manufacturing and the supply of Biofuels. The global list of companies covers addresses, contact numbers and the website addresses of 685 companies.
I was wondering how biofuels work in detail.
Biofuel is a fuel made from biological mass rather than fossilized sources. From vegetable oil to animal fat, biodiesel, a form of biofuel, is created via a chemical reaction with the fats inside the biological source. Through a process called transesterification, the raw fat and oil is blended with a methanol or ethanol, plus a catalyst like sodium hydroxide. This resulting chemical reaction creates esters and glycerol. The glycerol is a byproduct, and the esters become the biodiesel. Other forms of biofuel, such as bioethers, can be made using the fermentation process of basic plant matter, such as soybeans and rapeseed.
How does biofuel work?
Once the fuel is extracted from its biological origins, it can be used to make power, steam and heat. The fuel must be combusted to release its energy—therefore biofuels involve some burning process that creates emissions. However, these liquids are clean-burning and put out fewer greenhouse gases than fossil fuel. They are also considered a renewable fuel, as animal and plant life can be constantly renewed, unlike fossil fuels.
A real-life example-
To get a good look at how biofuels work, consider biodiesel. Biodiesel is a blend of standard diesel and a commercial-grade biodiesel. Both are in liquid form and are meant to burn inside a car engine with internal combustion. The engine provides heat, and the blended fuel makes for a cleaner burn. A diesel engine for a standard car doesn’t need to include any modifications to use biodiesel. While different blends may work better on a diesel engine, the vehicles are able to take on biodiesel fuel without an expensive conversion process.