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Biofuel is a fuel that is produced over a short time span from biomass, rather than by the very slow natural processes involved in the formation of fossil fuels such as oil. Biofuel can be produced from plants or from agricultural, domestic or industrial bio waste.
Biodiesel is produced from the oils in for instance rapeseed or sugar beets and is the most common biofuel in Europe. [citation needed] Second-generation biofuels (also called "advanced biofuels") utilize non-food-based biomass sources such as perennial energy crops and agricultural residues/waste.
Biomass (in the context of energy generation) is matter from recently living (but now dead) organisms which is used for bioenergy production. There are variations in how such biomass for energy is defined, e.g. only from plants, [8] or from plants and algae, [9] or from plants and animals. [10]
The EcoENERGY for Biofuels Program subsidized the production of biodiesel, among other biofuels, via an incentive rate of CAN$0.20 per liter from 2008 to 2010. A decrease of $0.04 will be applied every year following, until the incentive rate reaches $0.06 in 2016.
The vast majority of biomass used for bioenergy does come from plants and fecal matter. Bioenergy is a type of renewable energy that the bioenergy industry claims has the potential to assist with climate change mitigation. [5]
reuters.com, New biofuels to come from many sources: conference, Fri Feb 13, 2009 2:50pm EST; reuters.com, U.S. weekly ethanol margins rise to above break even, Fri Feb 13, 2009 4:01pm EST; wired.com, One Molecule Could Cure Our Addiction to Oil, 09.24.07
Renewable fuels are fuels produced from renewable resources. Examples include: biofuels (e.g. Vegetable oil used as fuel, ethanol, methanol from clean energy and carbon dioxide [1] or biomass, and biodiesel), Hydrogen fuel (when produced with renewable processes), and fully synthetic fuel (also known as electrofuel) produced from ambient carbon dioxide and water.
Microalgae-biofuel production costs a larger amount of money compared to fossil fuel production. The cost estimation of producing microalgae-biofuel is around $3.1 per litre ($11.57/US gal), [55] which is considerably more expensive than conventional gasoline. However, when compared with electrification of the vehicle fleet – a key advantage ...