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Liquid bio fuels are a range of liquid fuels produced from the fermentation of crops rich in starch and sugars and animal waste. Technologies such as thermo chemical and biological are used for the manufacturing of bio fuels. These bio fuels have high specific energy and quality standards, thus can be used where high safety is needed. They are sourced from a wide range of materials such as corn, soybeans, and switch grass. Bio ethanol liquid fuel is used in the automobile industry and is more environment-friendly, as it emits less carbon. Bio ethanol liquid fuel is also known as a substitute for petrol and internal combustion engine fuels, which run on gasoline or kerosene. Liquid bio fuel is used as in reducing friction, prevention from corrosion, cooking oil, heat generation, and as a vehicle fuel. In addition, liquid bio fuels can be used in residential and industrial space heating.
Increase in demand for energy across the globe is the driving factor in the liquid bio fuel market. In addition, environmental concerns toward increasing carbon dioxide emissions lead to the high usage of bio-based products. Liquid bio fuels are renewable, thus making the process cost-effective. This technique helps many regions not to be dependent on foreign fossil fuel. Hence, the liquid bio fuel market brings economic security and a high employment rate. Furthermore, bio fuels require less maintenance and it is easily adaptable to current engine designs. However, liquid bio fuels require high cost for production, which will impact the growth of the bio fuels market. The other major restraint for the bio fuels market is the usage of fertilizers in crop plantation causing harmful effects in bio fuels, which are produced from crops. Thus, fertilizers have a negative impact on the environment.
Key benefits of the report
Liquid Bio Fuel Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | INEOS group AG, Archer Dainels Midland Company, Bluefire renewable, Cargil, AceitiesManuelita S.A, Petrobras, Green Plains, Pacific Ethanol, Inc., Magdeburg Gmbh, Valero Marketing and Supply Company |
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