[Biomass To More Than Triple Globally by 2030]
Driven by aggressive biofuel mandates, rapid industry growth will cause great strain on biomass by 2030, according to analysis firm Lux Research. A report from the firm says that, using today's technologies, an area the size of Russia would need to be cultivated to replace all petroleum used for chemicals and fuels, and feedstock innovation will be needed to keep growing biomass's market share.
But the future doesn't look grim for biofuels, according to Kalib Kersh, Lux's bio-based materials and chemicals/alternative fuels analyst. Kersh told REW that he believes some developers will deliver the needed innovation, though others will founder. “When cellulosic pre-treatment technologies come to commercial viability in the next several years, biofuels and biocemicals producers will have new options for feedstocks,” he said. “In turn that will create a new variation of agriculture, stimulating biomass production in a very efficient way.” And Kersh saw more investment in the bioenergy sector in 2012 than ever before.
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By Tildy Bayar, Associate Editor, Renewable Energy World
Driven by aggressive biofuel mandates, rapid industry growth will cause great strain on biomass by 2030, according to analysis firm Lux Research. A report from the firm says that, using today's technologies, an area the size of Russia would need to be cultivated to replace all petroleum used for chemicals and fuels, and feedstock innovation will be needed to keep growing biomass's market share.
But the future doesn't look grim for biofuels, according to Kalib Kersh, Lux's bio-based materials and chemicals/alternative fuels analyst. Kersh told REW that he believes some developers will deliver the needed innovation, though others will founder. “When cellulosic pre-treatment technologies come to commercial viability in the next several years, biofuels and biocemicals producers will have new options for feedstocks,” he said. “In turn that will create a new variation of agriculture, stimulating biomass production in a very efficient way.” And Kersh saw more investment in the bioenergy sector in 2012 than ever before.
According the regulation of copy right in Korea, it is allowed to see full article by clicking the below news title.
Please click below to see full article.
By Tildy Bayar, Associate Editor, Renewable Energy World