Portland, OR -- (SBWire) -- 07/06/2018 --The worldwide market for Biorefinery is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new GIR (Global Info Research) study.
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Successful market implementation of integrated biorefineries requires reliable processing units combined with environmentally acceptable and economically profitable production chains. Development and implementation of the biorefinery concept should include crop cultivation and the selection of crops that maximize full chain performance.
Further biorefinery improvement is expected to generate more feedstocks, technologies, and coproducts, inevitably offering all kinds of economic opportunities. Research and development will speed up agricultural and rural development, increase industrial development, and open existing and newly created markets. It can be foreseen, however, that biorefinery technologies will develop gradually over time, because the more fractions are obtained the more markets should be served. All these markets dictate that raw materials and intermediates are available at a rather constant supply and therefore prices. The built up of this raw material supply will take time.
Biorefineries can provide a significant contribution to sustainable development, generating added value to sustainable biomass use and producing a range of biobased products (food, feed, materials, chemicals, fuels, power, and/or heat) at the same time. This requires optimal biomass conversion efficiency, thus minimizing feedstock requirements while at the same time strengthening economic viability of (e.g., agriculture, forestry, chemical and energy) market sectors.
As biomass availability is limited, it should be used efficiently, effectively producing materials and energy in multi-purpose biorefineries. The perceived conflict between energy and food production can be allayed by developing technologies based on lignocellulosic materials but it was discussed before that this currently results in a much higher BCI. Biorefining requires further innovation but offers opportunities to all economic sectors. Building a biobased economy can help to overcome present difficulties while laying the foundation of an environmentally benign industry.
One of the key prerequisites of a successful biorefinery is to invite key stakeholders from separate backgrounds (agriculture/forestry, transportation fuels, chemicals, energy, etc.) to discuss common processing topics, foster necessary R&D trajectories and stimulate deployment of developed technologies in multi-disciplinary partnerships. Optimal economic and environmental performance can be further guaranteed by linking the most promising biobased products, that is, food, feed, (fiber-based) added-value materials and (functionalized and platform) chemicals with bioenergy production.
Market Segment by Manufacturers, this report covers Abengoa Bioenergy Corp, Pacific Ethanol, Neste Oil OYJ, Renewable Energy Group Inc., UOP LLC and Valero Energy Corp.
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Related Report:
2018-2025 Biorefinery Product Report on Global and United States Market, Status and Forecast, by Players, Types and Applications
This report studies the Biorefinery Product market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Biorefinery Product market by product type and application/end industries.
The major players in global and United States market, including Neste Oil, Dynoil Llc, Brazil Eco Energia, Dominion Energy Services Llcm, SE Energy, Menlo Energy Llc, BASF, Dow Chemical, Sinopec, Sabic, Exxonmobil, Imperium Renewables, Louis Dreyfus, Canadian Green Fuels, Archer Daniels Midland, Green Plains Renewable Energy, Poet and Valero Energy Corp.
Read more on this report at: https://www.researchbeam.com/2018-2025-biorefinery-product-report-on-global-and-united-states-status-and-forecast-by-players-types-and-applications-market?utm_source=RW&utm_medium=CC
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Biorefinery Market Outlook with Company Profiles: Valero Energy, Pacific Ethanol, UOP LLC and More
Researchbeam.com has added a new “Global Biorefinery Market 2018, Forecast to 2023” focusing on global major leading players with information such as company profiles, market trend, share and forecast.