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The so-called "third-generation biofuels", similar to second-generation biofuels with an emphasize on the use of algae and cyanobacteria as a source of biofuel feedstocks, have an additional advantage as they take up a relatively small fraction of space when compared to first and second-generation biofuel sources, and may also help to reduce seawater eutrophication.
The company operates in two segments: chemicals and biofuels. The company has a wholly owned subsidiary named FutureFuel Chemical Company, which develops various chemical products selling to third party customers. The chemical segment consists of two components, which are custom manufacturing that produce chemicals for specific customers, and perfor
Algae.Tec - an advanced biofuels company focused on commercializing technology that produces algae to manufacture sustainable fuels such as biodiesel and green jet fuel; Bio Fuels Pty Ltd - a Victor Smorgon Group company; developing algae biofuels technology in Victoria; oil from the algae will go into the BioMax biodiesel produced by Smorgon Fuels
As of 2018, Indonesia is the world's top supplier of palmoil-based biofuel with annual production of 3.5 million tons, [87] [88] and expected to export about 1 million tonnes of biodiesel. [89] US biodiesel production in 2011 brought the industry to a new milestone.
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.
Hydrotreated vegetable oil (HVO) is a biofuel made by the hydrocracking or hydrogenation of vegetable oil. Hydrocracking breaks big molecules into smaller ones using hydrogen while hydrogenation adds hydrogen to molecules. These methods can be used to create substitutes for gasoline, diesel, propane, kerosene and other chemical feedstock.
Albemarle also produces fine chemicals and chemical services for the pharmaceutical and life sciences industries. The Alternative Fuel Technologies division participates in the market for biofuels, gas to liquids, and coal liquefaction. The company is ranked 780th on the Fortune 1000 based on fiscal 2021 revenues. [5]
Global Clean Energy Holdings (OTC:GCEH) is a Southern California-based renewable energy company with interests in the production and commercialization of non-food-based feedstocks used for the production of biofuels, biomass, and renewable chemicals. It was founded in 2007.