Second Generation Biofuels Market Forecast 2015 - 2023

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Second Generation Biofuels Market - Global

Industry Analysis, Size, Share, Growth,

Trends and Forecast 2015 - 2023

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REPORT DESCRIPTION

Second generation biofuels or advanced biofuels are the way forward from the first generation biofuels,

which is made from vegetable oils and sugar. The only differentiating factor between first generation

biofuels and second generation biofuels is the feedstock. Second generation biofuels are manufactured

from various types of biomass. Biomass is mainly derived from plant sources. However, second generation

biofuels can also be manufactured from animal derived biomass. First generation biofuels were dependent

on food crops and production of adequate bio fuel was a challenge, as it competed with food supply.

Moreover, greenhouse emissions of first generation biofuels were nominally less than that of fossil fuels.

Dependence on food crops also rendered it a costly alternative to conventional petroleum leading to

limited acceptance. Second generation biofuels are capable of overcoming these handicaps and produce

significantly higher quantities of biofuels with higher environmental benefits and lower cost. The different

thermo-chemical technologies currently in use or under development are gasification, pyrolysis and

torrefaction.

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The market for second generation bio fuel is driven by the need to produce clean and sustainable energy,

with...