Ethanol, a major constituent of Bio-energy is
being produced in huge quantities in Brazil. Its production has been increasing
year on year in the last decade. Many companies are aggressively pushing to
increase their production of bio-energy which is the new energy fuel in Brazil.
According to the study, 'Biopower In Brazil, Market Outlook To 2030,
Update 2018 - Capacity, Generation, Investment Trends, Regulations And Company
Profiles', some of the .another companies that
function in the Brazilian bio-energy industry include Suzano Papel E Celulose
S.A, Companhia Brasileira de Energia Renovavel, Celulose Nipo-Brasileira S.A.,
Biosev SA and Avenge Bioenergia, S.A. All these companies possess the technical
know-how as to how energy is to be venery from either biomass or biofuel.
Brazil has occupied a major position in the
world and currently holds a position that was previously dominated by well
advanced and developed countries. Brazil has been witnessing strong economic growth in the recent years which is expected to be carried
forward in the future. Brazilian government is trying to ensure that this phase
of economic prosperity does not phase out soon. In hope of this, Brazilian
government is promoting new industries that have the potential to change
Brazil's future. One such industry is the bio-energy industry. In wake of rising greenhouse gas emissions as
well as falling environmental quality, Brazil is moving towards renewable forms
of energy with major emphasis on bio-energy. Brazil is one of largest producer
of renewable form of energy amongst most industrialized nations.
Brazil was devastated by riding petroleum
import costs during the 1974-75. The then Brazilian government introduced a new
plan called the Proalcool program which focused on shifting the energy
dependence from oil to other renewable forms and that is when Bio-energy as a
source of fuel gained much attention. Followed by this was in early 2000s that
the country was introduced with fuel flex vehicles which did not run purely on
petrol/diesel but required some ethanol. With increased demand for ethanol in
cars, companies started using it with other products which led to the boom of
bio*energy industry. Bio-energy that is developed using the Brazilian sugarcane
is one the cheapest renewable form of energy. This has led to an international
demand for the bio*energy produced in Brazil. Another key driver promoting the
rise in this industry is the rising production of Sugarcane, another
constituent required for producing bio-energy. Brazil is one of the largest
producers of sugarcane in the world due to abundant water supply and idea
climate conditions. This has naturally given a push to the bio-energy industry.
The rise of the rise of the Brazilian bio-energy industry has led to innovation
and investments in other business models as well. Companies are generating bioelectricity
using the bio-energy. Innovations like Fuel Flex cars have taken up regular
gasoline vehicles. Ethanol powered planes have also been invented which can
change the landscape of aviation industry as well.
In Brazil, bio-energy is a main source of
economic prosperity which supports various industries. Hence, the increase in
one industry could lead to an increase in the growth of various industries
which are connected with bio-energy market. History shows that a single fold
investment in this industry has led to the overall expansion of the Brazilian
economy. Companies and the government are investing huge amount in the
upgrading the technology to bring in more efficiency and cost effectiveness.
The competition in this industry is intense with companies trying to hold on to
their market share by exploiting their USP. New entrants are expected to bring
a new technology that could potentially change the bio-energy market in Brazil.
For
more information on the research report, refer to below link:-
Related Reports:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
