Fuels
made from biomass, known as bio-fuels, contains enormous amount of
energy similar to any other energy resources such as oil, gas, coal
and others. However, bio-fuel provides more cleanliness than any
other conventional energy resources. Bio-fuel has the potential to
fulfill the needs and objectives of both aviation and bio-fuels
stakeholders. Aviation industry uses a variety of strategies to deal
with aviation fuel price fluctuations, including increased vertical
integration, financial hedges and adjustments in aircraft utilization
and size. Investments in the research and development in alternative
aviation fuel can become a way to diversify exposure to the price of
conventional fuels. Bio-fuel can be proved a more diversified fuel
for airlines, resulting in decreased impact of fuel price volatility,
increased price certainty, reduced hedging costs and narrowed fuel
costs.
The
aviation Industry uses two type of conventional fuel including
aviation gasoline and jet fuel. Jet fuels are further are divided
into two types based on the specifications such as kerosene-type and
naphtha-type. Kerosene-type aviation jet fuel is the most commonly
used fuel type in commercial aviation and bio-fuel can be an
economical substitute for kerosene-type aviation fuels, known as
bio-jet. Currently bio-fuel, in the form of ethanol is one of the
largest domestic fuels used for cars and trucks which are blended
into motor gasoline. Bio-fuel can be segmented on the basis of the
production methods. There are chiefly two methods to produce
bio-fuels such as Fischer-Tropsch (FT) and hydroprocessed esters to
meet the American Society for Testing and Materials (ASTM) standards
for aviation use.
Bio-fuel
as aviation fuel can be segmented according to the number of airports
and air-carrier capacity in different regions. The U.S. is one of the
largest countries for aviation network in North America and is highly
developed for aviation market as compared to other regions. These
countries are consuming more fuel to operate aviation industry
smoothly. Bio-fuel can act as a ray of hope in these regions in
economically and geopolitically adverse situations. North America is
also a developing market in biomass production therefore using
bio-fuels for air-carriers can be a potential to offer a new market
for the bio-fuels industry. China and India are countries in
Asia-Pacific that are the largest consumer of oil and gas globally.
Half of the consumption is fulfilled by the imports therefore
bio-fuel can be the clean solution for these regions while reducing
financial and environmental challenges in the aviation industry.
Middle East and South America are few major regions that can be a
potential market for bio-fuel produces.
Bio-fuels
have the potential to match the aviation fuel specifications and
needs with the reduction in uncertainty in price occurred due to
geopolitical issues. The overall market structure and size of
aviation industry is some of the opportunities for bio-fuels.
Increasing environmental concern and depleting conventional resources
are some of the major driving factors for the development of bio-fuel
market as aviation fuel. Installation cost of biomass plant is one of
the major restraints for this market that can hinder the growth of
bio-fuel as aviation fuel.
Some
of the major players and organizations in the research and
development of bio-fuel as aviation fuels are Airbus S.A.S.,
International Air Transport Association, EBTP-SABS, The Atlantic
Monthly Group, Smart Abroad, Shell and Abengoa Bioenergy
Enquiry
Before Buying :-
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4038
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4038
No comments:
Post a Comment