Clariant International Ltd. has announced that it has been successful in producing the first commercial cellulosic ethanol at its Sunliquid production plant from agricultural waste. Now, the company is targeting to produce approximately 50,000 tons of cellulosic ethanol per annum.
Novozymes has launched two new powerful innovations in yeast and fiber that are aimed to bring significant efficiency to its ethanol plant and counteract other production challenges
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 5048
Published Date: Jun 17, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
The increasing need for biofuels to save the environment is anticipated to bring in lucrative growth opportunities for the expansion of market size.
The market size of cellulosic ethanol is anticipated to attain a CAGR of ~37% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are Clariant International Ltd., Novozymes, Aemetis, Inc., ENERKEM Inc., Iogen Corporation, Praj Industries Limited, BlueFire Renewables, BP p.l.c., Clariant AG, The Dow Chemical Company, and other key players.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by feedstock, process, application, end-user, and by region.
The gasoline segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Rising concerns regarding the infrastructure along with the tough competition from the food sector and the lack of an efficient distribution network are estimated to be the growth-hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.