Results for: biofuel

The global marine biotechnology market is poised for significant growth, projected to reach $0.71 billion by 2028, driven by the increasing demand for biofuels and the need for eco-friendly solutions. This sector utilizes marine organisms and their derivatives for innovation in diverse areas like fisheries, pharmaceuticals, and bioremediation. The report highlights key players like Air Liquide SA, Aker BioMarine ASA, and AlgaEnergy SA, emphasizing the industry’s potential to mitigate climate change and create sustainable solutions.

MAIRE S.p.A.’s subsidiary MyRechemical has signed a licensing agreement with DG Fuels Louisiana, LCC for its NX Circular gasification technology, paving the way for a 450 million liters per year Sustainable Aviation Fuel (SAF) plant in Louisiana. The plant, scheduled to begin operations in 2028, will utilize residual biomass and municipal waste as feedstock, promoting a sustainable and circular approach to fuel production.

The global cellulosic ethanol market is projected to grow by $0.60 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 67.86% during the forecast period. Cellulosic ethanol, derived from cellulosic biomass, is a renewable fuel gaining popularity due to its climate change mitigation and energy security benefits. Production involves enzymatic hydrolysis, fermentation, and ethanol extraction from lignocellulosic feedstocks like agricultural waste. However, increasing demand and competition for feedstocks have driven up prices, raising concerns over food prices and sustainability.

Vertimass has announced the Environmental Protection Agency’s (EPA) approval for blending up to 20% of its green gasoline, VertiGas20, with conventional gasoline. VertiGas20 is produced using renewable ethanol through Vertimass’ Consolidated Alcohol Deoxygenation and Oligomerization (CADO) technology, offering substantial greenhouse gas emission reductions. The technology can be integrated into existing ethanol production facilities, allowing for significant volumes of sustainable gasoline production. VertiGas20 is compatible with current gasoline vehicles, eliminating the need for engine modifications and increasing ethanol demand five-fold. By replacing fossil fuels, VertiGas20 reduces carbon dioxide emissions by approximately 560 billion pounds annually.