Biofuels market studies are useful in many ways. Let’s start at the beginning. Biofuels are fuels produced from renewable organic material, commonly referred to as biomass which includes plant materials, crops and animal waste. Secondary biofuels include transportation biofuels such as ethanol and biodiesel. Biofuels are substitutes for conventional fossil fuels, such as petroleum, propane, coal, and natural gas. Substituting fossil fuels with renewable alternatives such as biofuels is an efficient way to reduce these emissions and reduce the dependency on fossil fuels as an energy source. The primary biofuels are ethanol and biodiesel but also include biobutanol, renewable hydrocarbon fuels like jet fuel, renewable diesel, renewable natural gas and renewable hydrogen. The primary feedstocks vary from sugarcane and soybeans to animal fats depending on the biofuel being produced. The type and specifications of the biofuels used will determine the applications which are dominated by transportation fuels. Biofuels are used globally, with many countries mandating their use in blending with conventional fuels. The biofuels market represents an immense opportunity tying together the agricultural and refining industries with biofuel processors, fuel blenders and consumers. Biofuels are consumed in all areas of transportation from car manufacturers to marine shipping and to the aviation and jet fuel industry.
Biofuels market studies are valuable to anyone seeking to determine biofuel supply options, and overall market size and direction. Oil refiners, car and plane manufacturers, fuel blenders compounders, and fuel traders can choose the best market for their fuels, track supply chain and market dynamics and keep tabs on the use of alternative fuel. In addition, carbon black manufactures can better understand their supply options and competition for these residual oils. These studies outline sources and composition of biofuels, as well as its combustion chemistry and applications. Also, a thorough study will identify sources of supply, the competitive landscape and market outlets for fossil fuel and biobased biofuels in the context of latest industry developments.
A good biofuels market study should review all programs for sources of biofuels including biobased sources like pyrolysis oil, bio-sourced oils, and renewable fuels. These studies should highlight the entire supply chain from sources of feedstock to outlets for the biofuels. Expert companies that provide these biofuels studies should have the technical and regulatory expertise to highlight specifications required to meet different applications. Finally, a biofuels market study should allow fuel refiners, farmers biofuel processors, and traders of biofuels to plan for developments in the market and to develop a path forward as the biofuels market changes.
Large renewable energy and biochemical consulting firms certainly have experts in the more common areas like of bio and renewable fuels, biomaterials, biomass and biomass power, biomaterials, biochemicals and biotechnologies. But, they also have an expertise in a wide variety of specialty services like expert witness testimony, techno-economic analysis, due diligence, feasibility studies, budgeting, project management, technology assessment, insurance, due diligence, risk management, benchmarking, intellectual property, HAZOP, financial modeling, competitor analysis, and assistance with RIN and Low Carbon Fuel Standards (LCFS) matters. These firms should also be able to assist with other things like Aspen plus, logistics, bioreactor design, municipal solid waste remediation, syngas and bio-based product development, carbon credits, climate change analysis, environmental permitting, equipment sales, experimental validations, grant writing, IP strategy, life cycle analysis (LCA), plant operations, plant sales and auctions, risk analysis and Failure Mode and Effects Analysis (FMEA).
With over 150 consultants worldwide, Lee Enterprises Consulting has the diverse experts and geographical reach to collect, process and distill insightful market studies in biofuels, biochemicals, feedstocks, and more. Our highly qualified teams bring a unique integration of technical, scientific, regulatory and legal insight within the framework of a market study. Look at our experts and the services we provide. Most of our experts are also available to advise and serve as expert witnesses in bioeconomy litigation matters. For the larger projects, we specialize in putting together full service, interdisciplinary teams with one point of contact. See video about LEC here. Call us at 1+ (501) 833-8511 or email us for more information.