Biofuels are produced by the transformation of organic matter into fuel to power our society. These biofuels are a source of alternative energy to fossil fuels that currently depend on us. The umbrella of biofuels includes under its umbrella the ethanol and the derivatives of plants such as cane sugar, vegetables and corn oils. However, not all products of ethanol are designed to be used as a kind of gasoline. The International Energy Agency (IEA) tells us that ethanol may include up to 10% of usable gasoline the world by 2025 and up to 30 per cent by 2050. Today, the percentage is two per cent.
However, we have a long way to go to refine and make economic and practice these biofuels we do research. A study by the University of Oregon shows. We still have to develop the biofuels that are more energy efficient than the essence of oil. Energy efficiency is a measure of the amount of usable for our purposes necessary energy is derived from a certain amount of energy input. (Nothing that humanity has always used more energy output than what was necessary entry.) What has always been important is the conversion - the energy of the final product is what is useful for our purposes, while the energy input is just the effort it takes to produce the final product.) OSU study derived from corn ethanol to only 20% of the energy efficient (the essence of oil is 75% of energy efficient). Biodiesel fuel was recorded at 69% energy efficiency. However, the study has traced a positive: ethanol derived from cellulose was drawn at 85% efficiency, which is still higher than that of wonderfully effective nuclear energy.
Recently, future oil were down to the New York Stock Exchange, as analysts from various countries predicted a surge in availability of biofuels which would offset the value of the oil, lower prices of crude oil on the international market at $40 the barrel or surroundings. The Chicago Stock Exchange has a grain futures market begins to "steal" investment activity of the future of the oil in New York, as investors await certainly better profitability to start coming from biofuels. Indeed, it is expected by a consensus of analysts that biofuels should be providing a seven per cent of the world by the year 2030 transportation fuels. Some market analyst energy said, the growth of the demand for diesel and gasoline fuel may slow down considerably, if the Government subsidizes biofuel distribution companies and pushes further promote eco-friendly fuel consumption.
There are several nations who are seriously involved in the development of biofuels.
It is the Brazil, which is be the largest producer worldwide of ethanols derived from sugars. It produces approximately three and a half billion litres of ethanol per year.
In the United States, as oil more grand-guzzler in the world, is already the second largest producer of biofuels behind the Brazil.
The EU biodiesel production capacity is now more than four million tonnes (British). 80% of the EU biodiesel fuels are derived from rapeseed oil; a marginal amount of palm oil and soybean oil include the 20 per cent.
