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Bio-Fuels As Alternate Suppliers Of Energy Today
Bio-fuels are produced by converting organic matter into fuel for powering our world. These bio-fuels are an alternative energy source to the fossil fuels that we right now depend upon. The bio-fuels umbrella contains under its aegis ethanol and derivatives of crops such as sugar cane, and also vegetable and corn oils. However, not all ethanol products are designed to be used as a type of gasoline. The International Energy Agency (IEA) tells us that ethanol could comprise up to 10 percent of the world's usable gasoline by 2025, and up to thirty percent by 2050. At this time, the percentage figure is two percent.
Having said that, we have a long way to go to polish and make economic and practical these bio-fuels that we are researching. A study by Oregon State University proves this. We have yet to cultivate bio-fuels that are as energy efficient as gasoline produced from petroleum. Energy efficiency is the measure of how much usable energy for our demanded usages is derived from a certain level of input energy. (Nothing that man has ever used has derived more energy from output than from what the necessary input was. What has always been important is the conversion - the end-product energy which is what is handy for our needs, while the input energy is only the effort it takes to produce the end-product.) The OSU study determined corn-derived ethanol to be only 20% energy efficient (gasoline derived from petroleum is 75 percent energy efficient). Bio-diesel fuel was noted at 69% energy efficiency. However, the study did turn up one positive: cellulose-derived ethanol was charted at 85% efficiency, which is even more higher than that of the fantastically efficient nuclear energy.
Recently, oil futures have been down on the New York Stock Exchange, as analysts from a variety of different countries are predicting an increase in bio-fuel availability which will offset the value of oil, reducing crude oil prices on the international market to $40 per barrel or thereabouts. The Chicago Stock Exchange has a grain futures market which is starting to "steal" investment action away from the oil futures in NY, as investors are absolutely expecting better profitability to start coming from bio-fuels. Indeed, it is predicted by a consensus of analysts that bio-fuels will probably be supplying seven percent of the entire world's transport fuels by the year 2030. One certain energy markets analyst has reported, growth in demand for diesel and gasoline could possibly slow down dramatically, if the government subsidizes firms distributing bio-fuels and further pushes to promote the use of environmentally-friendly fuel.
There are several nations which are seriously engaged in the advancement of bio-fuels.
There is Brazil, which happens to be the world's biggest producer of ethanol fuel produced from sugars. It produces about three and a half billion gallons of ethanol a year.
The States, while being the world's greatest oil-guzzler, is already the second largest producer of bio-fuels behind Brazil.
The European Union's bio-diesel production capacity is now greater than four million (British) tonnes. 80 percent of the EU's bio-diesel fuels are produced from rapeseed oil; soybean oil and a marginal quantity of palm oil comprise the other 20 percent.
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