Green Energy to Sustainability: Strategies for Global Industries

7The Global Demand for Biofuels and Biotechnology‐Derived Commodity Chemicals: Technologies, Markets, and Challenges

Stephen R. Hughes¹and Marjorie A. Jones²

¹Applied DNA Sciences, Stony Brook, NY, 11790, USA

²Department of Chemistry, Illinois State University, Normal, IL, 61790, USA

CHAPTER MENU

• Introduction
• Overview of Global Energy Demand
• Petroleum Demand and Petroleum Products for Potential Replacement by Bioproducts
• Role of Biofuels and Biobased Chemicals in Renewable Energy Demand
• Achieving Petroleum Replacement with Biobased Fuels and Chemicals
• Projections of Global Demand for Biobased Fuels and Chemicals
• Potential Impacts on Price of Transportation Fuels and Chemicals Assuming Various Scenarios of World Economic Growth
• Projection of Energy‐Related CO2 Emissions With or Without Remediation Technology
• Government Impact on Demand for Biofuels and Biobased Chemicals
• Perspectives
• References

7.1 Introduction

The current global demand for biofuels and biotechnology‐derived commodity chemicals is presented in the context of total worldwide energy demands, including an itemization of the share of petroleum used for transportation purposes and the share of petroleum used for manufacturing chemicals. This demand is further detailed in each of the major markets including EU, US, Japan, Brazil, China, Russia, and India. The displacement of petroleum‐derived chemicals by biomass‐derived fuels and chemicals is discussed. Current projections regarding the global demand are provided, ...