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Global demand for energy is projected to grow by about 25 percent through 2040, the global advanced biofuels market size is expected to surpass around US$ 848.6 billion by 2030, growing at a CAGR of 38.5%. Major blending mandates that drive the demand for biofuels have been set in the US and Europe. These countries have a target of achieving 15-27% blend of biofuels with conventional fuel by 2020-2022, which is expected to drive demand in their respective regions.
To reduce our use of carbon emissions and replacing fossil fuels to preserve our natural resources, it has led to the widespread use of biofuels. Biofuels are essential in the global effort to replace fossil fuels and reach the Paris Agreement goals of limiting global warming to well below 2 oC compared to pre-industrial levels. As businesses, industries, and societies begin a green recovery in a post-pandemic world, the demand for transportation fuels is expected to rise. Biofuels are an important and reliable climate-neutral part of the solution available today – and viable for tomorrow!
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About the event
An increasing number of population and urbanization growth together with various cultures are constantly driving an increasing demand for the deployment and generation of power grids for the future. We can say it’s of high demand that a sustainable global energy system is needed to tackle and lower the emission of carbon to the ecosystem, but to achieve this, the criteria needed to meet these expectations is ‘more energy’. Despite the rapid increase in demand of electric vehicles in the EU market, other automobiles such as the light and heavy duty transport vehicles running on fuels and diesels, still account for a high percentage of carbon emission machines. While other carbon emission transport vehicles from marine and aviation are still on the rise.
In the European Union (EU), the goals are clear for 2030 with the implementation of the new Renewable Energy Directive (RED) in effect as of 2021. The EU Green Deal could provide a leap-frog opportunity in getting Europe Fit for 55 in terms of capacity buildout of renewable and sustainable transportation fuels. Fuels that, by displacing their fossil counterparts, improve local air quality and provide genuine greenhouse gas (GHG) reductions in the existing vehicle, vessel and aircraft fleets. However, this requires long-term and coherent policies, technology agnostic and market neutral legislation, and a holistic life cycle approach to steering instruments.
As part of the drive and elevation towards sustainable and renewable power driven future, the introduction of biofuels to the power and energy industry strikes a higher opportunity to achieve that, and they pose a cheaper and zero carbon emission attribute. Biofuels, playing a role that will benefit the global economy and climate system in the future, are already accounting for almost 10% of the world’s energy and power supply.
Advanced Biofuels Forum will take you towards the ideology of the generation of fuels, from the first to the second and third, consisting of the biofuels, advanced biofuels and true sustainable materials; which all have the potential to produce a cleaner energy market and industry globally. How are advanced biofuels essential in achieving a zero carbon emission era? How is biofuels a medium to decrease the importation, use and combustion of fossil fuels and diesels? These are questions that will be answered and discussed during the session. The increase in confidence and interest of investors for the future will be determined by the scientific challenges and costs intertwined with the directive of renewable energy.
Advanced Biofuels Forum is geared towards people that are involved in creating a sustainable transport sector and the forum will brings together industry leaders, and senior representatives from biodiesel producers, downstream oil companies, clean fuel producers, alternative fuels industries, process technology providers, fuel traders, brokers, consultants, crop science and feedstock suppliers to discuss current market trends, advancements & developments of advanced biofuels, existing regulation impacting the markets will be reviewed to ascertain where the most commercial developments & business opportunities lie in these rapidly growing markets.
Hear bright minds brainstorm about the risk and challenges in the transport industry making use of advanced biofuels. These challenges are known to restrict and disrupt the flexibility, efficiency and cost-efficiency of the market. The session will also highlight policy concerning Sustainable Development Goals (SDGs) and also express the opportunity and potential to tackle the challenges pinned out. Discuss about the policies used in the analysis of value chain, which are structured as (i) the roles of advanced biofuels current market and the EU policy, (ii) the challenges which restrict and disrupt the flexibility, efficiency and cost-efficiency performance, (iii) Sustainable Development Goals (SDGs), and (iv) the future.
Advanced Biofuels Forum will create an avenue for the discussion of decarbonizing the aviation industry which is significant to airplanes and airline manufacturers, making use of hydro-processed esters and fatty acids produced from vegetable oils, fats and waste from animals. Different variations of aviation fuels have been used for over thousands of flights, and due to the demand for high safety standards, kerosene has dropped in shares. A very low number of marine fuel supplies are seen to be making use of biofuels for transport in not far distance due to poor availability of fuel, approval, high costs and retrofitting. While trade shipping, which is carried out for international goods transport and trading, still relies on the current source of energy, fossil fuels.
Let’s discuss how advanced fuel could revolutionize cleaner energy. How the engineers and chemists convert matters into energy (burning fuels). The conversion of carbon, taken from plants into burning fuel used in engines and transport vehicles is the key in generating a carbonless industry. These plant carbons such as corn are abundant and easy to grow, and they are rich in ethanol when their carbon is extracted and converted.
Don’t miss this opportunity to know about the topics surrounding the Advanced Biofuel Forum, including the benefits, policy, structure, challenges and drive. Grab this opportunity to network and exchange ideas with intellects who specialize in this special sector and industry.
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ADVANCED BIOFUELS HIGHLIGHTS
The Advanced Biofuels event has become a MUST ATTEND event for all companies involved in biofuels
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