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Biofuels for Commercial Aviation: A New Market Set To Rise
GlobalData, June 2009, Pages: 16
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
- GlobalData viewpoints cover the latest events or important trends in the alternative energy industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and Our views of various developments that have been taking place in the alternative energy industry across the world.
Reasons to buy
- Develop business strategies with the help of specific insights from GlobalData on the key events happening in the alternative energy industry.
- Gain a strong understanding of the energy market and analyze the major trends in the global alternative energy industry today
- Identify opportunities and challenges with the help of our analysis of the latest news and deals in the alternative energy industry
- Increase future revenue and profitability with the help of information on latest operational, financial, and regulatory events
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