• 5 hours Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 9 hours Russia, Saudis Team Up To Boost Fracking Tech
  • 15 hours Conflicting News Spurs Doubt On Aramco IPO
  • 16 hours Exxon Starts Production At New Refinery In Texas
  • 17 hours Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 1 day Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 1 day Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 2 days OPEC Oil Deal Compliance Falls To 86%
  • 2 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 2 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 3 days Aramco Says No Plans To Shelve IPO
  • 5 days Trump Passes Iran Nuclear Deal Back to Congress
  • 5 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 6 days Chevron Quits Australian Deepwater Oil Exploration
  • 6 days Europe Braces For End Of Iran Nuclear Deal
  • 6 days Renewable Energy Startup Powering Native American Protest Camp
  • 6 days Husky Energy Set To Restart Pipeline
  • 6 days Russia, Morocco Sign String Of Energy And Military Deals
  • 6 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 7 days India Needs Help To Boost Oil Production
  • 7 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 7 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 7 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 7 days District Judge Rules Dakota Access Can Continue Operating
  • 7 days Surprise Oil Inventory Build Shocks Markets
  • 8 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 8 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 8 days Chinese Teapots Create $5B JV To Compete With State Firms
Alt Text

New Tech Could Turn Seaweed Into Biofuel

Scientists discovered an unlikely abundant…

Alt Text

Is Cactus Gas The Future Of Biofuel?

A Mexican green energy startup,…

Alt Text

“Grassoline” The Jet Fuel Of The Future?

Researchers have developed a process…

Graham Cooper

Graham Cooper

Graham is a writer for Environmental Finance.Environmental Finance is the leading global publication covering the ever-increasing impact of environmental issues on the lending, insurance, investment…

More Info

Biorefineries have big role in fight against climate change – WEF

Biorefineries – facilities that convert biomass into fuel, energy, chemicals and materials – have a major role to play in combating climate change, says a World Economic Forum (WEF) report.

Professor David King, author of The Future of Industrial Biorefineries report, says “the growth of the bio-based economy could create significant economic growth and job creation opportunities, particularly in rural areas … and in advanced manufacturing.”

The report estimates that a ‘biomass value chain’ could create potential revenues by 2030 of $15 billion for agricultural inputs; $89 billion for biomass production; $30 billion for biomass trading; $10 billion for biorefining inputs; $80 billion for biorefining fuels; $6 billion for bioplastics; and $65 billion for biomass power and heat.

However, the report notes that the industry is currently in a nascent, fragmented state, with many relatively small participants. To scale up the technology will require concerted action from a diverse range of companies, such as grain processors, oil and chemical companies, plastics producers, power generators and technology developers.

By helping make the transition from a petroleum-based economy to one based on biomass, biorefineries will reduce greenhouse gas emissions and enhance energy security. But additional drivers will be needed to scale up the technology, King admits. “Governments have a key role to play in providing seed support … and creating markets to ensure that [the bio-based] economy becomes established and successful,” the report says.   

A mix of incentive-based and command-and-control policies is recommended, balancing the demands of energy security, local revenues and environmental sustainability. Governments should also provide significant support for research and development of the new technologies that will be required and the private sector should strengthen current investments in petroleum replacement strategies, King says.

The report was produced in collaboration with chemical companies Royal DSM, Novozymes, DuPont and Braskem.

By. Graham Cooper

Source: Environmental finance




Back to homepage


Leave a comment
  • Anonymous on July 03 2010 said:
    The next to last para. presents the whole agenda for the biomass industry. The govt. is encouraged to provide incentive-based and command-and-control policies to promote it. Translated: the govt. should subsidize the industry and pass laws that will coerce industry, local govt., and consumers to use biomass. If it is a wonderful as Mr. King thinks, then it would attract private investment without govt. intervention.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News