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The Analyst Magazine:
Alternative Energy : Betting on Biofuels
 
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Biofuels are not only environment-friendly but are also cheap and do not raise concerns about food scarcity, unlike ethanol. However, this has not prevented many from dubbing it as yet another bubble in the making. Can they be the best bet for countries seeking an answer to the dual issue of energy security and global warming?


For ages, gasoline has been the primary source accounting for 80% of the world's energy consumption: from cooking to driving vehicles to generate electricity. However, for quite some time, especially in the last few years or so, driven by the desire to secure energy supply in the wake of fast depleting traditional oil resources, combined with concerns over global warming (and also tense geopolitical situation), the western world, in particular, has been on a great hunt for alternative energy sources, notably biofuels. This is a far cry from yesteryears of recent times when the world leaned towards ethanol from corn and other food crops, sending alarm bells ringing across the globe among food scientists, governments and general public, who feared it would escalate food scarcity further.

According to BBC, biofuels are any kind of fuel made from living things or from the waste they produce. Examples include pellets or liquids made from wood, biogas (methane) from animals' excrement, etc. Biofuels are different from fossil fuels in the sense that the latter is driven from plants decomposed millions of years ago, while biofuels are derived from current plants. Biofuels are not only cheaper than the conventional energy sources like gasoline but also environment-friendly. USA and Brazil are leading the biofuel revolution, developing it from a wide variety of feedstock, ranging from corn, maize, sugarcane. etc. Companies like BP, DuPont and Shell are on the verge of cracking what many also call the `wonder fuel' by using varied technologies on a wide range of feedstock from Prairie Grass to cornstalks to Algae; the last one appears more promising of the lot as various oils can be generated from it by varying the production environment.

 
 

 

The Analyst Magazine, Global Warming, Traditional Oil Resources, Production Environment, Conventional Energy Sources, Greenhouse Gas Emissions, Biofuel Industry, Technology Integration, Yeast Fermentation Process, Second Generation Biofuels, Animal Digestive Process, Alternative Energy Sources, US Ethanol Industry, Aviation Industry, Biotechnology Industry Organization.