(PRWEB) July 29, 2014
Second generation biofuels are a viable solution to the dilemma of climate change imposed by fossil fuels. However, as natural gas is very cheap, this is affecting the biofuels market in North America, as they are not as valuable as they could be in comparison to natural gas. This, in conjunction with the difficulty financing projects, has made it difficult for renewable energy developers to get the economics to work and help projects get off the ground. For these reasons, certain companies have shifted their focused within renewable energy.
The renewable chemicals market is estimated to reach $83.4 billion by 2018 with a CARG of 7.7%, driven by the susceptibility of the chemicals market to crude oil prices causing market participants to shift to renewable feedstock. There is a gap in the market here for green ‘drop-in’ alternatives where significant money could be made. This contrasts with conventional biofuels and the struggle of competing with low priced natural gas significantly. There is also the green polyethalene movement, which represents a sustainable alterative to the conventional gas grid. This product is chemically identical to natural gas but infinitely cleaner.
This is why Renewable Waste Intelligence has put an emphasis on renewable chemicals at this year’s 4th Annual MSW to Biofuels and Bio-products Event. The conference has been brought together to solve the challenges to progressing with MSW as a feedstock for renewable fuels and chemicals, so that those involved in the industry can realise the scale of opportunity at stake. The expert speaker line-up includes the FL SWANA, Enerkem, Fiberight, Novomer, Calysta, GBB, Velocys, Kilpatrick & Townsend, American Chemistry Council and many more.
The conference is organized by Renewable Waste Intelligence. To see how you could get involved visit the event webpage: http://www.renewable-waste.com/biofuels.
Or get in touch with the event director Emily Rose: erose(at)renewable-waste(dot)com.