Europe Advanced Biodiesel Market to Witness Significant Growth with Focus on Converting Composite Materials into Bio-Based Feedstock

 

Europe Advanced Biodiesel Market

Various governments are encouraging adoption of sustainable and renewable energy resources. Advanced renewable transport fuels include advanced biofuels, recycled carbon fuels and renewable liquid and gases. There is high potential of the biodiesel and renewable diesel industries in promoting sustainable energy promoting. This has prompted various companies in the Europe advanced biodiesel market to partner with various companies to conduct a year-long validation project of biodiesel technology for high-mileage. For instance, in February 2020,     Archer Daniels Midland Company, the American multinational food processing and commodities trading corporation, under a partnership to conduct a year-long validation project of biodiesel technology for high-mileage fleet applications, announced that the company’s five trucks will be outfitted with Optimus Technologies’ (a clean energy technology company) Vector fuel system, a technology that enables diesel engines to operate on sustainable biodiesel.

Production of transport biofuel has increased significantly in the recent past, which is a positive sign for Europe's advanced biodiesel market. According to International Energy Agency, transport biofuel production expanded 6% year-on-year in 2019 and 3% annual production growth is expected over the next five years. However, this does not meet the sustained 10% output growth per year needed until 2030.

Use of conventional fuel leads to emission of carbon dioxide. Therefore, it is very important to invest on biodiesels. In this quest, various players in the Europe advanced biodiesel market have focused on converting composite materials into bio-based feedstock. For instance, in March 2020, Koninklijke DSM N.V, the Dutch multinational corporation, partnered with UPM Biofuels, a producer of sustainable raw materials, to reduce the environmental footprint of Dyneema, a fiber, by converting Dyneema into bio-based feedstock. Dextrose can also be used as a feedstock in production of biodiesel. For instance, in October 2020, Cargill, Incorporated, the American privately held global food corporation, partnered with Virent, a downstream energy provider, to evaluate the use of Cargill’s corn dextrose as a feedstock to Virent’s BioForming technology for the production of drop-in low-carbon biofuels and biochemicals.

In North America, various companies are focused on using canola for biodiesel production. Recently, China’s canola import was banned in the country. However, around 3.17 million tons of canola is required to achieve the proposed Low Carbon Fuel Standard and companies need to find effective approaches to relieve the pressure from the lack of Chinese demand.

Comments

Post a Comment

Popular posts from this blog

Bourbon Whiskey Is the Most Popular Whiskey in America and In Many Other Countries around the World

Image
  Whiskey or single malt whiskey is simply a form of distilled beverage made by distilling alcohol from grain mash or even by blending both. Different grains are utilized for different types, such as corn, barley, rye, and wheat. In Scotland, they call their whiskey black tea, a lighter caramel scotch, Irish cream, and liqueur. Whichever form is utilized, the result is usually a flavorful and smooth drink that has a distinct taste, and many people prefer a whiskey with a lower alcohol content. For example, single malt whiskey is the least expensive. The highest price however is the least distilled; that is Bourbon whiskey. Bourbon whiskey is the most popular whiskey in America and in many other countries around the world. Its price range is very wide, starting from as low as about US$ 12 a bottle to over a hundred dollars. So the price definitely varies. Whichever class you belong to, there is always a whiskey that will suit your preference. Single malt scotch whiskey is made ...
Read more

Viral Vectors And Plasmid DNA Manufacturing Market Is Gaining Major Traction With Oxford Biomedica Plc Entering Into A 3-Year Agreement With Boehringer Ingelheim For The Manufacture And Supply Of Various Types Of Viral Vectors

Image
  Viral Vectors are proteins that have been discovered to be essential for the spread of various viruses and infectious agents. These proteins can cause serious health risks if they are improperly introduced or if a wrong agent is used to fight them off. Viral vectors have often been used in various gene therapy procedures with the ultimate objective of curing various ailments in the biological fields of neurology, gene therapy, cancer, and metabolic disorder. Clinical studies regarding viral vectors remain one of the key factors in the manufacturing of viral vectors. Plasmids are used to deliver DNA contain genes for antibiotic resistance. In fact, scientists have developed many uses of plasmids and created software to record the DNA sequences of plasmids for applications in various techniques. Thus, such continuous R&D activities can potentially stimulate growth of the viral vectors and plasmid DNA manufacturing market . Recently, in April 2021, Oxford Biomedica plc entered...
Read more

Hard Surface Flooring Market Is Expected To Witness Robust Growth As Mohawk Industries Introduces Newly Imagined 30,000-Square Foot Floor Space At The International Surface Event (TISE)

Image
  There are many reasons why people choose hard surface floors over other types of flooring. Hard surfaces offer a level of durability and are very aesthetically pleasing. Unfortunately, choosing this type of flooring can be confusing and costly. There are four main hard surface varieties namely vinyl plank, laminate, solid hardwood, and engineered wood. Each has their own style strengths and provide different advantages. Increasing population coupled with rapid urbanization is expected to drive growth of the global hard surface flooring market . According to the United Nations (UN), by 2050, around 68% of the global population is expected to live in urban areas, increasing from 55% in 2018. According to the same source, in 2018, around 4.2 billion people were living in urban areas, increasing from 751 million in 1950. Furthermore, according to the World Bank, in 2019, the global population reached 7.674 billion, increasing from 6.84 billion in 2009. As a result of this, building...
Read more