Bioliquid fuel has both environmental and economic benefits, and industrial development will accelerate in the future

Bioliquid fuel refers to liquid fuel produced by fermentation purification or biochemical synthesis of biomass, mainly including biodiesel, bioethanol, biomethanol, biojet fuel, etc. In order to lead the high-quality development of the energy industry, the National Energy Administration and the Ministry of Science and Technology issued the “14th Five-Year Plan for Scientific and Technological Innovation in the Energy Field”, which mentioned the need to carry out bio-liquid fuel and bio-gas engineering demonstrations. Under the guidance of national policies, the development of my country’s bioliquid fuel industry will accelerate.

Bio-liquid fuel raw materials come from rich sources, including straw, wood chips, dead leaves, vines, food processing residues and other wastes. my country is a large agricultural country, and the amount of agricultural straw burned reaches 200 million tons/year. The development of the bio-liquid fuel industry can not only significantly reduce The amount of straw burned can also increase the added value of straw and improve economic benefits. Bioliquid fuel has both environmental and economic benefits and has broad application prospects in transportation, aviation, engineering machinery, chemical industry, agriculture and other fields.

According to the “2022-2027 China Bioliquid Fuel Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, As one of the ways to quickly achieve carbon emission reductions, under the strategic background of carbon neutrality and carbon peaking, the bioliquid fuel market has broad room for development. It is expected that the global bioliquid fuel market will maintain a growth trend from 2022 to 2026, with an average annual compound growth rate of more than 15.0%.

Biodiesel is a renewable and clean energy source that can be used as an excellent substitute for petrochemical diesel. Global biodiesel production capacity is mainly concentrated in Europe, Asia-Pacific and other regions, with the combined production capacity of these two regions accounting for more than 60.0%. In 2021, my country’s biodiesel production will exceed 1.5 million tons. my country’s biodiesel is mainly exported, with Europe being the main export destination. At present, domestic biodiesel production companies include Hebei Jingu Group, Hebei Longhai Biotechnology, Jia’ao Environmental Protection, etc.

Bioethanol is a green, low-carbon, clean renewable fuel. Its production processes include three categories: petroleum-based ethylene hydration method, coal-based synthesis gas method and biomass method. my country’s bioethanol production is mainly based on biomass method. At this stage, my country has become one of the world’s largest bioethanol producers. In 2021, my country’s bioethanol production capacity will reach 5.3 million tons, with an output of approximately 2.94 million tons. At present, domestic bioethanol manufacturers include COFCO Biotechnology, Jilin Fuel Ethanol, Henan Tianguan Group, Inner Mongolia Zhongxing Energy, and Shandong Longli Biotechnology.

Industry analysts said that my country’s bioliquid fuel market is still in the early stages of development, with high production costs and immature technology still being a restricted industry. important factor in development. Bioliquid fuel has both environmental and economic benefits and has broad application prospects in transportation, chemical industry, energy and other fields. In the future, driven by factors such as policy guidance, technological progress, and cost reduction, the development of my country’s bioliquid fuel industry will accelerate.