The Electrofuel market is a subset of the Biofuel market, which focuses on the production of fuels from renewable sources. Electrofuels are a type of synthetic fuel created through the electrochemical conversion of renewable electricity and carbon dioxide. This process is known as Power-to-Liquid (PtL) and is seen as a promising alternative to traditional fossil fuels. The Electrofuel market is driven by the need to reduce emissions and meet global climate goals. It is also seen as a way to reduce dependence on fossil fuels and create a more sustainable energy system. The market is expected to grow in the coming years as more countries adopt renewable energy sources and invest in PtL technology. Some of the companies in the Electrofuel market include Neste, Audi, Siemens, and Shell. These companies are investing in PtL technology and developing new Electrofuel products. Show Less Read more
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