Biofuels & Biochemicals Bio Materials Volume Triples: 3.7 Billion Tons of Biomass Needed in 2030
Bio based chemicals and fuels will be not an option, but an necessity: With growing demand and dwindling feedstock, innovations in biochemicals are required if more bio-based products are to replace petroleum-based ones, says a new report by analyst company Lux Research.
Driven by aggressive biofuel mandates, rapid growth will cause great strain on biomass by 2030, according to Lux Research. Using today’s technologies, an area the size of Russia would need to be cultivated to replace all of petroleum use for chemicals and fuels – feedstock innovation will be needed to keep growing biomass’s market share.
Feedstock Innovations Needed to Match the Biofuels Boom
“Today, biofuels and biochemicals need more than a billion metric tons of material annually to replace a mere 3% of total petroleum products,” said Kalib Kersh, Lux Research Analyst and one of the lead authors of the report titled, “Finding Feedstocks for the Bio-Based Fuels and Chemicals of Today and 2030.”
“By 2030, this number will soar to 3.7 billion metric tons, and meeting the growing challenge will require feedstock innovations such as crop modification, new value chain configurations, and agronomic technology improvements like irrigation and biosensors,” he added.
From Waste to Feestock – Municipal and Agraic Residues Become Raw mMaterials
For the report, the analysts examined 1,715 established and planned bio-based chemical and fuel facilities that address supply-side issues, and evaluated new technologies that could make a significant difference. Among its findings:
- Use of waste as a feedstock is rising. Municipal solid waste (MSW) and waste gases like carbon dioxide and flue gas have potential as a feedstock. LanzaTech aims to make ethanol and 2,3-butanediol from flue gas, while Fulcrum BioEnergy is financing its first MSW gasification facility.
- Novel logistics methods can lower cost. Alternative fuel companies such as Sweetwater Energy and BlackGold Biofuels are developing “hub-and-spoke” models to build satellite intermediate conversion facilities that feed into a central processing facility, cutting transportation costs.
- Crop modifications to reduce input needs. Dozens of companies and universities are developing crop traits that cut down on agriculture’s material inputs. For example, BASF, Mendel Biotechnology and Evogene are developing crop strains that provide resistance to drought and pests, or can fix their own nitrogen.
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