Market Analysis - Biofuels & Bioeconomy 2017
Theme: Global scenario of bioeconomy in the context of biofuels and bioenergy
Market analysis report
The quick development and expansion of biofuel production technologies have created remarkable interest within the body of world economic in order to make out the influence of biofuel growth on bioenergy market. One of the most notable factors responsible for the growth of this market is that these are produced from any form of oil-rich crop like as, soy, oil palm or sunflower by simple biochemical processes. These crops are grown naturally in all the regions across the globe. Hence, production of biofuels is cost-effective and the most eco-friendly form of energy to use.
The market analysis report reflects the global biofuels market of bioethanol and biodiesel. The biofuels (bioethanol and biodiesel) production in the countries such as USA, Brazil, China, India, and Russia are expected to be the witness of increasing growth in the upcoming days.
Due to the rapid increase of greenhouse gases in the atmosphere has boosted the research interest of the scientists towards the renewable energy. Biofuels are the class of renewable energy derived biologically from carbon fixation. In the recent days, the focus on the biofuels have increased significantly in the market due to some factors such as government support, energy sustainability, low volatility, low carbon emissions, increasing crude oil prices, limitation of crude oil and increase in automobile industry. For more details please visit: http://biofuels-bioeconomy.conferenceseries.com/
Importance & Scope:
Current energy system is required a wide change to achieve the key demands of the 21st century: reduced environmental impact, economic viability and efficiency. One of the most important parts of energy revolution is biofuels. The movement towards the production of first generation biofuels is still under research and need to enhance and improvement to be completely released. Problems with present biofuel strategies do not yet have any satisfactory solutions. The second generation biofuels mainly based on cellulosic ethanol is now under research and development and is opening up the way towards the new possibilities for future bioenergy generation. From the recent discoveries in genetics of algae, a new resource into the designer fuels and third generation biofuels has generated.
Biofuels are genuine part of a rising global bioindustry, driven by the need to reduce dependence on fossil fuels, to reduce the greenhouse gases in the atmosphere, increase fuel security and develop a better quality biofuels. Biofuels and Bioeconomy 2017 is a global platform where the experts all over the globe will explore their discoveries in the field of Biofuels and also encourage by the current bioeconomy scenario of global market. The main aim of the conference is to gather the world’s leading biofuel scientists, business tycoons, academicians, bio-economists and young entrepreneurs under a roof to make is an innovative stage to share modern technologies and information on Biofuels and world economy on it.
Why Sao Paulo …?
Brazil is the land of Biofuels Production. In February 2015, the government of Brazil increased federal taxes on petrol to R$ 0.22 /liter, which raised the competiveness of bioethanol relative to the fossil fuel. Some of the Brazilian states also increased the tax for transportation of goods and services on petrol and minimize the tax for ethanol, which stimulated ethanol consumption and production. In March 2015, the Brazilian government authorized a rise in the ethanol blend for petrol from 25-27 %. Beside that the biofuel industry advocated for a rise of the blend to 10% by 2020. Total production of ethanol in Brazil for 2016 is calculated at 30.68 billion liters, a five percent rise compared to 2015. The biofuel industry remains controlled by the government, with the current biofuel production has set at 7%. Biodiesel production in Brazil has been projected at 4.1 billion liters in Brazil as expected based on the static economic situation. Sao Paulo is a central metropolis city of this biofuel production. São Paulo is also considered as the "financial capital of Brazil". The name of the city was taken in the honor of Saint Paul of Tarsus. According to the annual report of 2011, São Paulo was expected to become the 3rd largest economic growth in the world between 2011 and 2025, right after London and Mexico City. The total land area of Brazil is nearly 8.5 million km2 and with huge contrasts about its demographic and social indicators. Exemplified by the human development index (HDI), Brazil has listed as one of the biggest economic countries in the world depending on its GDP. The HDI rank of Brazil is 79th among the countries examined by UNDP. Crowning with the largest economy by GDP in Latin America and Southern Hemisphere, Sao Paulo is the home of the São Paulo Stock Exchange. Paulista Avenue is considered to be the economic core of São Paulo. São Paulo is the 10th richest city in the world, and also it is expected to become the 6th with in 2025. According to data of Fecomercio/SP, the GDP was $450 billion in 2011. This city is the land of many historical monuments, scientific innovation and museums such as The Pinacoteca do Estado de Sao Paulo, The Ibirapuera Park, Museum Theatro Municipal of Sao Paulo, Latin American Memorial, Museum of Image and Sound, São Paulo Museum of Art, Museum of Ipiranga, Museum of Zoology of the University of São Paulo and the Museum of the Portuguese Language. The city holds high profile live events like the Brazilian Grand Prix, São Paulo Art Biennial, The ATP Brazil Open and São Paulo Fashion Week. The headquarters of the Brazilian television networks Record, Band and Gazette are located in this city.
Why to attend???
Biofuels & Bioeconomy 2017 is a global platform where highly qualified and experienced Scientists from across the globe are going gather under a single roof and share their new discoveries on Biofuels, Bioenergy & Bioeconomy. This is going to be one of the best scientific gathering and opportunity to reach and explore your research work at the largest assemblage of participants from all over the world. Conduct workshops, distribute knowledge, meet with highly experienced scientists, discuss new researches, and receive name recognition at this 3-day conference. World-renowned speakers, the latest discovered techniques and the newest updates in Biofuels, Bioenergy and the economic condition of Biofuel are the hallmarks of this conference. You will also get a chance to exhibit your products and respective company.
This conference is conducting on all the major aspects in the fields of Biofuels, Bioenergy & Bioeconomy. It also would be beneficial for all the PhD scholars and students who ever willing to enter into corporate as well as research fields targeting to the respective field.
You will get an opportunity to form alliance and contact with established companies/ Research institutes in the respective field.
So hurry up and book your slot today for Biofuels and Bioeconomy 2017!!
- Core field Scientists and Researchers from respective organization
- Dean, HODs, Professors, Asst. Professors from Universities all over the world
- Directors/Co-Directors and Business persons of research based companies across Brazil, USA, Europe and all the part of the who are investing in Biofuels, Bioenergy and Bioeconomy
- Aviation and Automobile companies
- Young PhD researchers and students
- Attendees of previous/past related conferences
In total, the expected percentage of audience from various sectors can be graphically represented as:
Industry- 40 %
Students- 10 %
Figure 1: Target audience
Major Biofuels Associations around the Globe:
- Advanced Biofuels Association
- American Biofuels Council
- American Coalition for Ethanol
- American Council on Renewable Energy
- Biodiesel Association of India
- Bioenergy Producers Association
- Biofuels Association of Australia
- Brazilian Jatropha Growers Association
- Brazilian Sugarcane Industry Association
- Canadian Renewable Fuels Association
- European Biodiesel Board
- European Renewable Ethanol Association
- European Waste to Advanced Biofuels Association
- Finnish Petroleum and Biofuels Association
- Florida Biofuel & Bioenergy Association
- International Ethanol Trade Association
- Iowa Renewable Fuels Association
- Minnesota Bio-Fuels Association
- National Biodiesel Board
- North Carolina Biodiesel Association
- Russian Biofuels Association
- Southern African Bioenergy Association
- Sweet Sorghum Ethanol Association
- Vermont Biofuels Association
- Western Canada Biodiesel Association
- Wisconsin Biofuels Association
Figure 2: No of biofuels associations
Glance at Market of Biofuels:
As per the new market study, the value of global biofuels market in 2016 was at $170 billion (€150.25bn) and is expected to reach $248.78 billion by 2024 at a CAGR of 4.92%. According to Transparency Market Research’s new study, biofuels and bioenergy are very important part of the renewable energy. Being the only renewable energy, biofuels can be utilized across all three energy sectors (electricity, thermal and transportation).
24,326.7 million gallons of biofuel was produced worldwide in 2012, of which leading countries like the U.S., especially North America held the biggest market share owing to the increased awareness among the population and stringent environmental regulatory policies in the country. The biofuels production is now expected to rise in the developed countries from 24,326.7 million gallons to 50,921.4 million gallons by 2019 at a CAGR of 9.6%. Europe and Brazil are the major consumers and producer of biofuels, while Asia Pacific is another rising region after Europe and North America.
As per a new report by Allied Market Research, the global second-generation market will reach $23.9 billion by 2020, registering a CAGR of 49.4% during 2014-2020. Currently, biodiesel holding the largest market share; however from the latest statistics, it is expected that the most commercially viable cellulosic ethanol will replace biodiesel and eventually lead the market by 2020. North America generated maximum revenue, as it has more than 50% of the global installed capacity bas.
Figure 3: Evolution of biofuel world prices
In the European Union, biodiesel production is estimated to follow a same as ethanol production and to be expected to achieve its maximum in 2020 with 3592.74 million gallons. Production is expected to decline to 3460.65 million gallons due to decrease the demand for both biodiesel and diesel by 2024. It is expected that the United States will lose its position as the second largest biodiesel producer within the next ten years. The utilization of biofuels in transport and aviation sector is increasing their consumption and now a days many automobile companies are manufacturing biodiesel compatible engines and flex fuel vehicles.
Figure 4: Global biofuels production and consumption pattern
Key Global Biofuels Companies:
- Abengoa Bioenergy Corporation
- Algenol Biofuels
- Aurora Algae, Inc.
- Australian Renewable Fuels Limited
- Blue Sky Biofuels
- Blue Sugars Corporation
- Bluefire Renewables, Inc.
- British Petroleum Company Plc
- Cargill, Inc
- China Clean Energy Inc.
- Cosan S.A.
- Coskata, Inc.
- ETH Bioenergia S.A.
- Green Star Products, Inc.
- Greenfield Ethanol Inc
- InfinitaRenovables SA
- Mission Newenergy Limited
- Neste Oil OYJ
- Perstorp Holding AB
- POET, LLC
- Royal Dutch Shell
- Sirona Fuels, Inc.