Biofuels often use substances called “biofuel additives” to improve their performance, stability, and environmental characteristics. For example, sugar and corn are prominent feedstocks used in making ethanol. In this ethanol production, denaturants and stabilizers are often biofuel additives. Stabilizing agents might be used here to prevent degradation during storage. In biodiesel production, animal fats, waste vegetable oil, soybean, and other plant oils are quite common. Here, we often see antioxidants that inhibit oxidation and prevent the formation of harmful products and different types of cold flow-improving substances that can lower the biodiesel’s cloud point and help with its use in low temperatures.
There is a great deal of ongoing research with respect to new feedstocks like algae. As these new feedstocks emerge on a large scale into the biofuels market, they will undoubtedly present difficulty in things like high fuel foaming, injector deposits & corrosions, and low oxidation stability. Thus, one should expect to see specialty chemical biofuel additives to continue to have a vast worldwide market. The global fuel additives market is expected to reach an estimated value of $7.8 billion in 2023. The major drivers of fuel additives are growing fuel demand, growing awareness among users regarding the benefits of fuel additives, the demand for high fuel efficiency, and stringent regulations and emission standards adopted by various countries. There are salient reasons for fuel companies to use additives in fuel. These, in particular, are to improve the handling properties and stability of the fuel, to improve combustion properties of the fuel, to reduce emissions from fuel combustion, to provide engine protection and cleanliness, to increase the economical use of the fuel, or to establish or enhance the brand image of the fuel. The approach for any major fuel business should be to identify major fuel-improvement compounds, possibly develop proprietary fuel-additive formulations, and set up a robust supply chain management involving acquiring goods and services at the best possible price, in the right quantity, and at the right time.
For more than 25 years, Lee Enterprises Consulting has been at the forefront of the bioeconomy. Our highly differentiated market position centers around our deep subject matter expertise in very specialized areas. We help clients minimize technical and economic risk by leveraging best practices in our industries, and we have a long track record of providing insightful analysis and practical advice. Our reputation is unparalleled because we provide a simplified process, with a single point of contact to a diverse international network of proven experts in biofuels, biomaterials, feedstocks, alternative proteins, and existing & emerging technologies. Providing access to over 150 world-renowned bioeconomy experts allows us to create tailored solutions to meet each project’s individual needs. Please take a look at our experts and the services we provide. Call us at 1+ (501) 833-8511 or email us for further information.
