|[February 05, 2013]
Biomass for Biofuels, Biochemicals Will More than Triple to 3.7 Billion Tons in 2030
BOSTON --(Business Wire)--
Driven by aggressive biofuel mandates, rapid growth will cause great
strain on biomass by 2030, according to Lux
Research. Using today's technologies, an area the size of Russia
would need to be cultivated to replace all of petroleum use for
chemicals and fuels - feedstock innovation will be needed to keep
growing biomass's market share.
" Today, biofuels and biochemicals need more than a billion metric tons
of material annually to replace a mere 3% of total petroleum products,"
said Kalib Kersh, Lux Research Analyst and one of the lead authors of
the report titled, "Finding
Feedstocks for the Bio-Based Fuels and Chemicals of Today and 2030."
"By 2030, this number will soar to 3.7 billion metric tons, and meeting
the growing challenge will require feedstock innovations such as crop
modification, new value chain configurations, and agronomic technology
improvemnts like irrigation and biosensors," he added.
Lux Research built a database of 1,715 established and planned bio-based
chemical and fuel facilities that address supply-side issues, and
evaluated new technologies that could make a significant difference.
Among its findings:
Use of waste as a feedstock is rising. Municipal solid waste
(MSW) and waste gases like carbon dioxide and flue gas have potential
as a feedstock. LanzaTech aims to make ethanol and 2,3-butanediol from
flue gas, while Fulcrum (News - Alert) BioEnergy is financing its first MSW
Novel logistics methods can lower cost. Alternative fuel
companies such as Sweetwater Energy and BlackGold Biofuels are
developing "hub-and-spoke" models to build satellite intermediate
conversion facilities that feed into a central processing facility,
cutting transportation costs.
Crop modifications to reduce input needs. Dozens of companies
and universities are developing crop traits that cut down on
agriculture's material inputs. For example, BASF, Mendel Biotechnology
and Evogene are developing crop strains that provide resistance to
drought and pests, or can fix their own nitrogen.
The report, titled "Finding Feedstocks for the Bio-Based Fuels and
Chemicals of Today and 2030," is part of the Lux Research Bio-based
Materials and Chemicals Intelligence and the Alternative
Fuels Intelligence services.
About Lux Research
Lux Research provides strategic advice and ongoing intelligence for
emerging technologies. Leaders in business, finance and government rely
on us to help them make informed strategic decisions. Through our unique
research approach focused on primary research and our extensive global
network, we deliver insight, connections and competitive advantage to
our clients. Visit www.luxresearchinc.com
for more information.
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