Bioethanol is a colorless, renewable and environment friendly fuel with a high octane number derived from natural production technology such as fermentation, distillation, rectification, and dehydration. The emissions released due to the burning of ethanol are less volatile with sunlight than those produced by combustion of gasoline. This in turn results in lesser harm to the ozone layer. Another benefit of bioethanol is that any plant containing sugar and starch can be used for the production of bioethanol. However, during the manufacturing of bioethanol, a large amount of carbon dioxide is released, which harms the environment.
Mounting demand for vehicles, environmental concerns and the renewable nature of bioethanol are major drivers for the bioethanol market. A major hurdle for the market is the high investment and production costs. The Food vs Fuel debate regarding the use of agricultural land for the production of bioethanol is a major hindrance to the growth of the bioethanol market. However, the bioethanol producers have now begun using feedstock from agricultural land that is not profitable for food crop cultivation.
By end user
Bioethanol is used as a fuel for transport, power generation, feedstock in chemical industry, fuel for fuel cells and in cogeneration systems, in manufacturing processes due to its clean burning ability and easy availability. Bioethanol is presently blended with gasoline in varying concentrations to be used as fuel. The first generation fuels are directly produced from food crops. Second generation fuels are produced from lignocellulose and waste products, while third generation fuels are produced from feedstock such as micro algae and fourth generation fuels are produced from algae and microorganisms capable of absorbing and converting CO2 to bioethanol.
Bioethanol is a striking option to fossil fuel sources due to its high octane value and lower greenhouse gas emissions. With the increasing population and the need to reduce the effect of greenhouse gases along with the various environmental regulations, the future for the bioethanol market seems bright. For bioethanol to substitute petrol, the manufacturing procedure has to be more cost-effective coupled with an increase in yields and diversity of crops used. However, with an increase in demand for bioethanol, production in emerging countries is suspected to have diverted farmlands away from edible harvests, thus increasing food costs for poor patrons. Major producers in the bioethanol market include CropEnergies, British Sugar, New Generation Biofuels Holdings, Inc., Vivergo Fuels Limited, Butalco GmbH, and Global Green SA.
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