The race is on to transition to low-carbon alternative fuels and biofuels are gaining momentum.
But what are biofuels? They are gaseous or liquid fuels produced from biomass – organic matter of biological and non-fossil origin. Easily adaptable to existing vessels, biofuels are a promising turnkey transitional fuel. Let’s dive deeper to examine this promise.
Biofuels can be broadly categorized into three generations, some of which are ready for use in shipping, and others still maturing:
- First generation, or conventional biofuels, are generated using agricultural crops, vegetable oil or food waste. These are the most commonly used biofuels worldwide.
- Second generation, or advanced biofuels, are produced from- non-food biomass feedstocks like residual feedstocks from forestry or crops. They could have fewer negative environmental impacts relating to land use and food production.
- Third generation biofuels are a future generation of biofuels currently needing further development, produced from algae and microbes.
Active Energy Group plc (LON:AEG) is a biomass based renewable energy business focussed on using its proprietary technology to transform low-cost or waste biomass material into renewable biomass fuels, thus creating next generation biomass products. AEG’S CoalSwitch® is a second generation biomass fuel that has been tested, and proven, to replace the traditional coal fired-power industry and existing renewable biomass industry without requiring plant modification.