The report Ten trends for the sustainable bioeconomy in Nordic Arctic and Baltic Sea Region Responsible Organisation highlights key trends to how bioeconomy can achieve a continued focus on becoming more sustainable as a region. 14 countries have given their input to the report, resulting in ten trends, of which five are specific ways to work within a bioeconomy. The other five are macrotrends – societal and technological trends influencing the development of the bioeconomy. To provide context for these trends, the report analyses several conditions that support the bioeconomy, as well as the expected impact of the COVID-19 pandemic.
In the report, biofuels are considered having a moderate value-creation potential, primarily driven by the expectation that they will generate environmental value. Most respondents believe biofuels will reach their full potential in 6 to 15 years, with 30 per cent anticipating full impact in 9 years’ time. 15 per cent believe that biofuels may take more than 15 years to reach their full impact.
Norway is starting to get on the right track when it comes to biofuels, according to the leader of the Norwegian Research Centre Bio4Fuels, Duncan Akporiaye.
- The concrete plans of our industrial stakeholders in Bio4Fuels show that Norway is starting to establish a path to realising the potential of biofuels - from established production of the world's biggest liquefied biogas plant at Biokraft, to the commercial initiatives for production of liquid biofuels, such as by Statkraft and Biozin, says Akporiaye
Looking ahead, several respondents see the potential of biofuels in specific sectors or geographies. Biofuels derived from forests are already well developed in the Nordic region, and second-generation approaches are now being explored. The slow development of biofuels in other regions, particularly the Baltics, illustrates the regional variation in this trend. Sewage sludge and manure remain largely untapped sources of biofuels, which means there is less competition for these resources than in areas such as forestry and field waste.
Bio4Fuels is a Norwegian research centre founded by the Centre for Environment-friendly Energy Research (FME), aiming at developing sustainable and economical technology for the production of biofuel, energy, and other high-value chemicals from lignocellulosic material and organic residues.