05 October 2009 13:46 [Source: ICIS news]
LONDON (ICIS news)--Second-generation biofuels are close to becoming commercially viable, which could be a huge step toward significantly reducing greenhouse gas emissions, an analyst said on Monday.
New developments in pre-treatment and gasification technologies could help to slash production costs, according to research and consultancy firm Frost & Sullivan.
Second-generation bio-feedstock – currently limited to power generation – is expected to have huge potential for automotive applications, helping to address the threat of climate change, the firm said.
“The use of second-generation biofuels is expected to reduce the emission of greenhouse gases, particularly carbon dioxide, from combustion engines by 80-85% in comparison to conventional fossil fuels,” said senior research analyst Phani Raj Kumar Chinthapalli.
“The lifecycle emissions for second-generation biofuels are in the negative range, which implies consumption of carbon dioxide rather than emission,” said Chinthapalli.
As a result, its development is at the top of the agenda for many major vehicle manufacturers, Frost & Sullivan said.
Commercial production is forecast to reach 5bn gallons/year by the end of 2015, according to Chinthapalli.
However, unless more large-scale production facilities are built, any major impact on global energy share is unlikely until late 2017, the firm said.
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