Bioliquids are fuels made from biomass for
energy purposes including heating and generating power. Bioliquids have high
energy density and having been used for many years. The bioliquid as a
technology is well established and can be used on demand, reacting quickly to
changes in demand for power. Bioliquids have the capability to reduce
dependency on foreign oil and reduces the green-house gas emissions.
Need to reduce carbon emissions,
availability of advanced technology to convert feedstock to liquid biofuels,
and easy feedstock availability are some of the factors driving the bioliquid
heat & power generation market. Europe continues to be the world’s largest
biodiesel producer. According to European Biodiesel Board, the production
capacity of biodiesel in Europe was approximately 21,119 thousand tonnes. The
major bioenergy producing countries in Europe are Brazil, Finland, Denmark,
Sweden, and Austria.
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Industry
Segmentation
Global bioliquid heat & power
generation market has been segmented based on type, application, and region.
Based on type, the market has been classified into bioethanol and biodiesel.
Bioethanol segment is leading the market owing
to its various advantages over biodiesel. For instance, bioethanol contains 35%
oxygen and adding oxygen to fuel results in complete fuel combustion, thus
reducing harmful tailpipe emissions.
Based on application, the bioliquid heat
& power generation market is segmented into heat production and power
generation. The heat production segment is expected to dominate the bioliquid
heat & power generation market due to the easy availability of feedstocks
for heat production.
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Key
Players
The key players of global Bioliquid Heat
& Power Generation Market are Encontech, Argent Energy, Munzer
Bioindustrie, Betarenewables, Ensyn Fuels, Bunge, Biox, MBP Group, REG Power
Management, Neste, REG, Kraton, BTG, Olleco, Archer Daniels Midland Company,
and Cargill Inc., among others.
Regional
Analysis
Region wise, Europe held the largest
market share of the global Bioliquid Heat & Power Generation market in
2017. The growth of bioliquids in the region can be attributed to the
increasing focus on the renewable energy sector, of which bioliquid is a part. The
growing market in this region can be attributed to the increasing focus on the
renewable energy sector, of which bioliquid is a part. Countries such as
Germany, the UK, and France are the key markets for bioliquid heat and power
generation in Europe.
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