Explorative research on the transport biofuel market

Executive summary This thesis provides an analysis on the current situation and prospects of the biofuels market for transport purposes. The work is structured around the following main hypothesis: "Does the biofuel market, at its current subsidized stated, have a future in the form of a self-regulated market? The analysis involves a desk-research by summarizing available information as 'it' is. A framework consisting out of four elements has been conducted in order to provide insights on the biofuel market in a well-structured manner. It concerns the following elements: supply, demand, regulations and market. Production of biofuels takes place worldwide. Biofuels are renewable energy sources, meaning that fresh supplies can be re-grown. Biofuels are a possible substitute product for fossil fuels. Compared with the latter product there are some advantages to subscribe to biofuels. Advantages and benefits of biofuels, however, depend on the categorization of the specific biofuel, type of feedstock used and technology applied to produce it. Biofuels are to be categorized by two types and these are labelled by either first and second generations or traditional and advanced generations. ... [abstract trimmed for length]