Biofuels are produced from living organisms or from metabolic by-products (organic or food waste products) rather than a fuel produced by geological processes such as those involved in the formation of fossil fuels, such as coal and petroleum. Biodiesel is a form of diesel fuel manufactured from vegetable oils, animal fats, or recycled restaurant greases. It is safe, biodegradable, and produces less air pollutants than petroleum-based diesel. Biodiesel can be used in its pure form (B100) or blended with petroleum diesel. Common blends include B2 (2% biodiesel), B5, and B20.The 93 billion liters of biofuels produced worldwide in 2009 displaced the equivalent of an estimated 68 billion liters of gasoline, equal to about 5% of world gasoline production. Two most common types of biofuels used are ethanol and biodiesel are derived from naturally occurring plants, alcohol and vegetable oil which act as a perfect substitute for fossil fuel.
The market for liquid biofuels outside of North America totaled $48.8 billion in 2014 and $41.7 billion in 2015. This market is expected to reach $89.6 billion by 2020, with a compound annual growth rate (CAGR) of 16.5%.
A biofuel is a fuel that is produced through contemporary biological processes, such as agriculture and anaerobic digestion, rather than a fuel produced by geological processes such as those involved in the formation of fossil fuels, such as coal and petroleum, from prehistoric biological matter.In 2010, worldwide biofuel production reached 105 billion liters (28 billion gallons US), up 17% from 2009, and biofuels provided 2.7% of the world's fuels for road transport, a contribution largely made up of ethanol and biodiesel. Biodiesel refers to a vegetable oil - or animal fat-based diesel fuel which is safe to handle and transport because it is non-toxic and biodegradable, and has a high flash point of about 300 °F (148 °C). In the USA, more than 80% of commercial trucks and city buses run on diesel. The emerging US biodiesel market is estimated to have grown 200% from 2004 to 2005. "By the end of 2006 biodiesel production was estimated to increase fourfold [from 2004] to more than" 1 billion US gallons (3,800,000 m3).
- Algal BioFuels
- Biodiversity and Biofuels
- Bio refinery
Related Conference of 2. Biofuels
2. Biofuels Conference Speakers
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