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Sustainable Development Goals (SDG) is one of the primary goals of the United Nations. Sustainable development slows down climate change and reduces global warming. Use of alternative fuels is mandatory for our fight against climate change. Biofuels like bioethanol play an important in the overall scenario.
Bioethanol can be produced from biomass by the hydrolysis and sugar fermentation processes. Bioethanol is entirely comprised of biological products, and hence, the combustion of bioethanol results in cleaner emissions (carbon dioxide, steam, and heat). This cycle of creation and energy combustion means bioethanol could potentially be a carbon-neutral fuel source. Bioethanol acts as a substitute for petroleum products. Bioethanol blended gasoline is used in several countries.
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Based on feedstock, bioethanol is segmented as starch-based, sugar-based, cellulose-based, and others. First generation bioethanol feedstock is mainly edible food crops such as rice, wheat, barley, potato, corn, sugarcane, and vegetable oil, for example, soybean oil, sunflower oil, olive oil, canola oil, mustard oil, etc. Although first-generation bioethanol has gained attention in several countries, the feasibility of production is still questionable due to competition with the food supply and land utilization, which increases the food cost.
Although second-generation bioethanol feedstocks have addressed some of the issues associated with first-generation feedstocks, they still have some drawbacks. Third-generation bioethanol feedstocks represent a promising feedstock due to the number of remarkable advantages over first- and second-generation feedstocks. For instance, microalgae can be cultivated on marginal land with a water environment, a low cost of cultivation, a high conversion efficiency, and a high energy density. Production of bioethanol from fourth-generation feedstock is still in the embryonic stage. Bioethanol is used in automobiles, energy production, chemical industry, etc.
The primary market driver for the global bioethanol market is the regulatory push towards the production of bioethanol. Increasing awareness about decrease the carbon footprints and use of alternative fuels is also driving the market growth of the bioethanol market. Key market restraint for the global bioethanol market is unavailability of high-end technology for bioethanol production in developing economies.
Some of the notable companies in the global bioethanol market are Cremer Oleo GmbH & Co. KG, AGRANA Group, Raízen Energia S.A, POET, SEKAB, Nordzucker AG, Abengoa Bioenergía, Petrobras Biocombustíveis, Tereos, Soufflet Group, Ensus, Green Future Innovations Inc., Bioethanol Japan Kansai Co Ltd, Vivergo and DONG Energy.
· Cellulose Based
· Transportation Fuel
· Power Generation
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain and Rest of Europe)
· Asia Pacific (China, India, Japan, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)
The global bioethanol market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The USA is the largest producer, and Brazil is the second-largest producer of bioethanol in the world. The Paris Agreement of 2015 promotes the use of alternative technology and fuels to reduce global emissions and mitigate climate change in the coming years. The Paris agreement is signed by more than 170 countries. Use of ethanol-blended gasoline-like E5, E15, E20, etc. will increase on account of Paris Agreement. With the “Renewable Energies Directive,” which came into effect in 2009, the EU prescribed mandatory blending rates for renewable energies in the transport sector. Their proportion is required to increase to 10 percent of the energy content in the transport sector in all member states by 2020. Government initiatives in China and India are expected to increase bioethanol use and production in the coming years.
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