The world has a unique opportunity to develop a next-generation bioproduct industry in the next two decades. There could be major benefits in terms of job creation, the economy, reduction of greenhouse gases and energy security. The regular supply of agricultural residue can underpin the development of this industry. It is a resource that can be sustainably harvested without altering current agricultural land use patterns. In supplementing food production, this resource theoretically can be turned into a variety of bioproducts from transport fuels to chemicals and plastics.
In this study Bloomberg New Energy Finance explores how establishing a next-generation ethanol value chain in the next two decades could contribute towards building a bio-based economy in eight select regions: Argentina, Australia, Brazil, China, EU-27, India, Mexico and the US. We have used next-generation ethanol – manufactured from an enzymatic hydrolysis technology – as a proxy output for other bioproducts.
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