Biofuels for Commercial Aviation: A New Market Set To RiseGlobalDataJune 7, 2009 16 Pages - SKU: GBDT2384281 |
| Biofuels for Commercial Aviation: A New Market Set To Rise Summary The aviation industry is now looking into curbing its carbon footprint by the use of alternative fuels. Second generation biofuels, generally produced from non-food-crop-based feedstock are expected to assist the industry in battling climate change and ensuring long-term availability of affordable fuel. Biofuels for commercial aviation are being tested by a variety of airlines across the world, to ensure their safety and performance requirements. The certification process for the use of biofuels in civil aviation is currently in progress. Biofuels are therefore expected to be used in civil aviation by 2010-2013. Biofuels are looked upon to enter into the global jet fuel market exceeding $250 billion in 2008. However, the industry is struggling with insufficient feedstock supply, high feedstock prices, lack of distribution facilities and risk-averse nature of end-users, to top it all. In this backdrop, the potential market for biofuels in commercial aviation is expected to become viable in a decade’s time. Scope
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Related Markets
- Alternative Sources
- Biodiesel & Biofuels
- Aviation/Aerospace
- Airlines
- Heavy Industry
- Energy & Resources
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