Bioliquids are the fuels made out from
renewable sources such as cooking oil, rape seed, wheat, and animal fats grown
and harvested especially for making fuel. Bioliquids are either available with
100% renewable content or 100% bioliquid can be mixed with mineral heating
fuels including kerosene and gas oil. This is generally known as bioliquid
blends. There are standards which are to be followed while making bioliquids.
These standards include EN 14214 and bioliquids are to be produced under strict
quality assurance systems in order to achieve consistent quality and properties
of the fuel. Moreover, Oil & Renewable Heating Technologies (OFTEC) has
also developed an industry standard for the blending of 30% bioliquid with 70%
kerosene entitled “prOPS 24-a bioliquid/Mineral fuel blend standard or B30K.
OFTEC also took up a project in partnership with Carbon Connections, University
of East Anglia, ICOM Energy Association and Clean Energy Consultancy.
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Segmental
Analysis
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. Moreover, ethanol also
displaces the use of toxic gasoline component such as benzene. In the US,
nearly all the gasoline is now sold, contains 10% ethanol by volume.
Considering the technical features of bioethanol, bioethanol is much cheaper
compared to biodiesel and provides approximately 93% more net energy per
gallon.
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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Regional
Outlook
By region, 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 market in Europe
is expected to dominate the global bioliquid heat and power generation market
by 2023. 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. The stringent regulatory framework regarding
bioliquids in the region is expected to drive the market in Europe.
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