Next-Generation Biofuels Market Size, Share, By Biofuel Type (Biodiesel, Biogas, Biobutanol, Others), By Process (Biochemical Process, Thermochemical Process), By Raw Material (Lignocellulose, Jatropha & Camelina, Algae, Others), By Application (Transportation, Power Generation and, Others), and By Region - Trends, Analysis, and Forecast till 2034

Report Code: PMI548424 | Publish Date: July 2024 | No. of Pages: 186

Next Generation Biofuels Market Trends

Decentralized Biofuel Production:

  • Apart from the discussed advantages, the following advantages can be derived from the decentralized, small-scale production of biofuels from nearer-to-the-source facilities. This also helps cut shipping pricing, where biomass feedstocks are transported in bulk, which may be expensive and energy-consuming. The site of production facilities close to a farm or a forestry place reduces transportation-related costs and further diminishes emissions. In addition, decentralized production will allow for better logistics. Locally available processing may also avoid long-range transportation of the biomass and hence streamline the logistics in a more or less efficient way.
  • What is more, decentralized production can meet regional energy requirements. In this way, decentralized production can make local communities’ energy self-sufficient, produce biofuels independently, and reduce their reliance on centralized grids to guarantee energy security. For example, this might be the case in remote areas or with underdeveloped grid infrastructure.