The global biofuel market will reach 650 million yuan

Since the 1970s, with the price rise of traditional energy and the impact of global climate change, Worldwide countries gradually realize the importance of biofuels. It is estimated that the carbon dioxide emission of biofuels is 50% of that of fossil fuels. It is estimated that the carbon dioxide emission of biofuels is 50% of that of fossil fuels. It is one of the effective ways to reduce carbon in many fields such as aviation, shipping and transportation. It can be used as an important supplement to fossil energy and has important significance in reducing pollutant emissions and protecting the atmospheric environment.

In recent years, biofuels will be one of the key growth engines of the company's energy transformation. The layout and research and development of new biofuel technologies are also being strengthened. Total Energy, the French energy giant, is strengthening the research and development of the third generation of biofuels based on microalgae; A new study in the United States shows that the fuel used in commercial aviation may have a way to completely decarbonize by replacing traditional jet fuel with sustainable biofuels.

However, at the time of global food shortage and inflation deep exacerbating,  the requirements of biofuels for the use of crops have caused controversy. Some experts said that if the use of plant fuels was reduced, more crops in the world would be used for food, while others believed that this problem could be solved by increasing food production.At present, based on the consideration of food security and environmental protection, the EU is actively promoting the transformation of its raw materials to non-food raw materials such as waste edible oil. Belgium and Germany are considering reducing the mixing of biofuels and fossil fuels to cope with the global food price rise. Only by accelerating the innovation of biofuel raw materials and processing technology can we solve the dual problems of survival and climate crisis.

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