Lowering price for petroleum is the reason for cleantech companies search for new selling markets. Prospective partnerships with US Navy and commercial aviation are not the solution.
Regarding the lowing price for traditional energy recourses and increasing volume of shale oil production future of global biofuel industry became rather uncertain. Enviromental Protection Agency dismissed signed in 2014 program for production amounts of biofuels under the Renewable Fuel Standard wrote in his blog a research analyst Mackinnon Lawrence on December 17.
Author: Ivan Prokhorov
All these changes obviously will lead to reducing level of interest from investors to projects in production of biofuels for on-road transportations. However, the analyst described several areas where the high level of interest to biofuels production. Huge demand shows us commercial aviation. As Navigant Research reported, more than 25 international air transporters took part in testing alternative energy resources and provide this industry with prospective partnerships.
The U.S. Navy, whose main goal is energy conservancy indicates their concern in biofuels, started powering its ships and aircraft with it, adding this resources type into annual procurement.
However not only above mentioned areas use biofuels but also Latin America, Southeast Asia and Sub-Sahara Africa where lack of traditional energy resources goes along with huge biomass volume, due to widely used agriculture gives an opportunity to implement clean fuels as primary energy source.
Union Nation’s informs that it is developing countries suffer from constant need of biofuels, using it both in food cooking and for industrial demands. That is why huge global corporations became extremely interested in developing countries.
Even if the number of projects in biofuels production is closed till 2020 due to lowering price for petroleum , this industry can be elevated to a new level after spreading its selling markets.
Author: Ivan Prokhorov
