The Energy Republic February - March Edition 2023

INDUSTRY NEWS
t o w a r d t h e av i a o n i n d u s t r y.
Bioethanol, o en known as ethanol, and
biodiesel are the biofuels that are most
frequently produced and consumed.
In contrast to the extremely slow natural
processes involved in the produc on of
fossil fuels, biofuel is a fuel that is
created from renewable biological
sources, such as plants and crops, or
agricultural, residen al, or industrial
biowaste, over a short period.
Biofuels can be split up into three
categories, namely:
3Solid biofuels (fuelwood, wood
residues, wood pellets, animal waste, vegetal
material, etc)
3Liquid biofuels (biogasoline, biodiesel, bio jet
kerosene, etc)
3Biogases (from anaerobic fermenta on and thermal
processes).
Moreover, biofuels used for non-energy applica ons
like the wood used in construc on or as furniture,
biolubricant used in engine lubrica on, and bio
bitumen used as road surface are not included in the
purview of energy sta s cs. The United States of
America, Brazil, Indonesia, China, Germany, France,
Thailand, Argen na, Netherlands, Spain, and others
are among the top producers of biofuels globally.
By 2050, bio-derived sustainable
avia on fuel (biojet), which must be
supported by governmental incen ves
and policy, will account for 30% of all
avia on demand and 45% of the Net
Zero emission target. The US and
Europe will contribute 50% to 60% of
the growth in biojet.
Government policies are the primary
forces behind the rapid development of
the biofuel industry to fully realize the
poten al of biofuels, but other
elements such as the overall demand
for transporta on fuel, costs, and the
design of specific policies affect where
growth occurs and which fuels will grow
quickly.
Biomethane
Biomethane is blended into the natural
gas grid as a direct subs tute for natural
gas and is shared broadly
equally across industry, buildings, and
transport. In all scenarios, biomethane
will increase drama cally from less
than 0.2 EJ in 2019 to between 6-7 EJ by
2050.
Other Energy Sources
Other renewable energies such as wind
and solar power will con nue to
increase rapidly, but, it requires a
significant investment in financing new
projects and expanding exis ng
capacity.
Wind, solar, bioenergy, geothermal,
and other forms of renewable energy
make up a major por on of the energy
sector. By 2050, between 35 and 65% of
the world's primary energy will come
from renewable sources, up from
around 10% in 2019. This increase will
be fueled by renewable energy sources'
be er cost compe veness as well as
the rising prevalence of policies that
support the switch to low-carbon
energy.
The BP Energy Outlook noted that the
demand for hydrocarbons will drop as
the world transi ons to low-carbon
energy sources, adding that the
propor on of fossil fuels in primary
energy declines from over 80% in 2019
to between 55-20% by 2050.
21
THE ENERGY REPUBLIC I SPECIAL EDITION