Industrial Biorefineries

Conventional Biorefining Status, Advanced Biorefining Technology Assessments, Policy Issues, Stakeholder Analysis, and Global Market Forecasts for New Biorefinery Construction

As the engine behind the emerging bio-based economy, the rapidly evolving industrial biorefining sector now sits at the bottom of its next innovation cycle. With conventional ethanol and biodiesel capacity growth plateauing, a bevy of advanced conversion technologies are now being deployed in a number of first-of-kind biorefinery projects scattered throughout the world. Driven by global biofuel mandates, demand from a diversity of end-use stakeholders, and near-term revenue opportunities in chemical and product markets, these projects are the culmination of decades of research, but have yet to prove that they can be price-competitive with fossil fuels at scale.

Although emerging integrated biorefineries are capable of establishing revenue in fuel, chemical, product, and power markets, industry scale-up is closely tied to the expanding biofuels opportunity. Biofuel blending mandates in 40+ countries have carved out a $250 billion dollar market opportunity for biomass-derived fuels over the next decade. While early success in Brazil, the United States, and the European Union have proven that conventional biorefining can be competitive at scale, the industry must now demonstrate feedstock flexibility, product neutrality, and sustainability across retrofit, bolt-on, and new-build facilities if it is to capitalize on this potential.

This Pike Research report provides an in-depth analysis of global biorefinery construction for conventional and advanced biomass conversion facilities, including biochemical, physical chemical, thermochemical, and hybrid pathways. The study includes in-depth assessments of leading markets and sub-regions for the deployment of biorefineries, projected market share for emerging conversion platforms, and key industry players engaged in the market. Worldwide market forecasts – segmented by region, market, and biorefinery generation – are provided through 2022 for installed capacity by volume, annual biorefinery commissions, and capital investment in new biorefinery construction.

Key Questions Addressed:
  • Which regions and key markets offer the greatest potential for biorefinery scale-up?
  • How will emerging demand from oil, chemical, food and beverage, commercial, and military stakeholders impact the expansion of biorefining capacity?
  • How will emerging advanced biorefinery growth compare to new conventional biorefinery expansion over the next decade?
  • Which advanced conversion platforms will account for the greatest market share over the next decade?
  • Which emerging integrated biorefinery business models are having the greatest impact on current projects?
  • How will future biorefinery capacity compare to biofuels production mandates?
Who needs this report?
  • Conventional and advanced biofuels producers
  • Biomass feedstock growers and suppliers
  • Engineering, procurement, and construction (EPC) companies
  • Petrochemical producers
  • Oil and gas refiners
  • Government agencies and policy makers
  • Investors and financial institutions
  • Industry associations

Table of Contents

1. Executive Summary

1.1   The Dawn of Advanced Biorefining

1.2   Global Biorefinery Overview

1.3   Biorefinery Outlook

2. Market Issues

2.1   Rise of the Bio-based Economy

2.1.1     Brief History of the Bio-based Economy

2.1.2     Current State of the Bio-based Economy

2.1.3     Future of the Bio-based Economy

2.2   Role of the Biorefinery

2.2.1     Biorefinery versus the Petrorefinery

2.2.2     Current Biorefinery Status in the Global Context

2.2.2.1     Brownfield Development

2.2.2.2     Greenfield Development

2.3   Classifying Biorefineries

2.3.1     Conventional versus Advanced Biorefineries

2.3.1.1     Conventional Biorefineries

2.3.1.2     Advanced Biorefineries

2.3.2     Scaling Advanced Biorefineries

2.3.3     Other Biorefinery Classifications

2.4   Biorefinery Drivers

2.4.1     Oil Security

2.4.1.1     Dependence on Oil Imports

2.4.1.2     The Role of Strategic Partners

2.4.1.2.1.             Agribusiness

2.4.1.2.2.             Big Oil

2.4.1.3     Chemical and Product Multinationals

2.4.1.3.1.             Commercial Aviation

2.4.1.3.2.             U.S. Department of Defense

2.4.2     Economic Development

2.4.3     Refining Efficiency: The Petroleum Industry Model

2.4.4     Public Policy

2.4.4.1     Mandates

2.4.4.1.1.             Biofuels Blending Mandates and Targets

2.4.4.1.2.             Bio-based Chemicals and Products

2.4.4.1.3.             Biopower

2.4.4.2     Subsidies and Tax Credits

2.4.4.3     Public Financing

2.4.4.4     Sustainability

2.5   Barriers to Biorefinery Deployment

2.5.1     Cost

2.5.2     Policy Uncertainty

2.5.3     Biomass Logistics

2.5.4     Technological Acceptance

2.5.5     Integration Challenges

2.5.6     Unconventional Oil and Gas

3. Key Markets

3.1   Country and Sub-regional Profiles

3.2   United States

3.2.1     Overview

3.2.2     Renewable Fuel Standard

3.3   Brazil

3.4   EU-27

3.5   China

4. Technology Issues

4.1   Biorefinery Technology Overview

4.1.1     Status of Biorefinery Platform Technologies

4.1.2     Scaling-up Advanced Biorefineries

4.2   Biorefinery Conversion Platforms

4.2.1     Biochemical Conversion

4.2.1.1     Advanced Pre-treatment Processes

4.2.1.2     Cellulosic Fermentation

4.2.1.3     Syngas Fermentation

4.2.2     Physical Chemical Conversion

4.2.3     Thermochemical Conversion

4.2.3.1     Gasification

4.2.3.2     Pyrolysis/Liquefaction

4.2.3.3     Thermal Depolymerization

4.2.4     Hybrid Pathways

4.2.5     Advanced (Non-biomass) Pathways

4.3   Advanced Biorefinery Commercialization Status

4.4   Role of the Integrated Biorefinery

4.4.1     Utilization of Existing Infrastructure

4.4.2     Component Technologies

5. Key Industry Players

5.1   Bio-based Economy Value Chain

5.2   Agribusiness

5.2.1     Archer Daniels Midland

5.2.2     Bunge

5.2.3     Cargill

5.2.4     Cosan

5.2.5     Olam International

5.3   Biofuel Refiners

5.3.1     Abengoa Bioenergia

5.3.2     Neste Oil

5.3.3     POET

5.3.4     Renewable Energy Group

5.3.5     UOP – A Honeywell Company

5.3.6     Valero

5.4   Strategic Joint Ventures

5.4.1     Butamax Advanced Biofuels

5.4.2     Diamond Green Diesel

5.4.3     DuPont Cellulosic Ethanol

5.4.4     Dynamic Fuels

5.4.5     Highlands (formerly Vercipia Biofuels)

5.4.6     INEOS New Planet BioEnergy

5.4.7     Raízen

5.5   Independent Technology Ventures

5.5.1     Amyris

5.5.2     EdeniQ

5.5.3     Elevance Renewable Sciences

5.5.4     Gevo

5.5.5     Inbicon

5.5.6     KiOR

5.5.7     LanzaTech

5.5.8     Mascoma

5.5.9     Novozymes

5.5.10   Solazyme

5.5.11   Virent

5.5.12   ZeaChem

6. Market Forecasts

6.1   Overview

6.1.1     Production Capacity Methodology

6.1.2     Biorefinery Deployments Methodology

6.1.3     Biorefinery Pathway Methodology

6.1.4     Market Value Methodology

6.2   Key Assumptions

6.3   Global Mandated Biofuels Consumption Forecasts

6.4   Global Biorefining Capacity Forecasts

6.4.1     Global Biorefining Capacity Forecasts by Generation

6.4.2     Global Biorefining Capacity Forecasts by Key Market

6.5   Global New Biorefinery Commissions Forecasts

6.5.1     Annual New Biorefinery Commissions by Region

6.5.2     Annual New Biorefinery Commissions by Generation

6.5.3     Total Biorefinery Commissions by Technology Platform

6.6   Global Biorefinery Investment Forecasts

6.6.1     Global Biorefinery Investment by Region and Key Market

6.6.2     Global Biorefinery Investment by Generation

7. Company Directory
8. Acronym and Abbreviation List
9. Table of Contents
10. Table of Charts and Figures
11. Scope of Study, Sources and Methodology, Notes

List of Charts and Figures

  • Market Share of Biorefineries by Region, World Markets: 2012
  • Green Chemical Market by Region, World Markets: 2011-2020
  • Projected Aviation Biofuels Demand by Region, World Markets: 2011-2021
  • Top 10 Oil Producers by Country, World Markets: 2011-2020
  • Market Share of Installed Biorefinery Capacity by Key Markets, World Markets: 2010-2012
  • Renewable Fuel Standard Mandates by Biofuel Segment, United States: 2009-2022
  • Market Share of Installed Biorefinery Capacity by Generation, World Markets: 2012
  • Market Share of Conventional Ethanol Biorefineries by Region, World Markets: 2012
  • Mandated Biofuels Consumption by Region, World Markets: 2012-2022
  • Estimated Annual Biorefinery Commissions by Key Markets, World Markets: 2012-2022
  • Biorefining Capacity by Region, World Markets: 2012-2022
  • Total Biorefinery Capacity by Generation, World Markets: 2012-2022
  • Total Biorefinery Capacity CAGR by Region and Generation, World Markets: 2012-2022
  • Total Biorefinery Capacity CAGR by Key Markets and Generation, World Markets: 2012-2022
  • Annual Biorefinery Commissions by Forecast, World Markets: 2012-2022
  • Annual New Biorefinery Commissions by Region, World Markets: 2012-2022
  • Annual New Biorefinery Commissions by Generation, World Markets: 2012-2022
  • Cumulative Advanced Biorefinery Commissions by Technology Platform, World Markets: 2012-2022
  • Cumulative Capital Investment in Biorefinery Infrastructure by Region, World Markets: 2012-2022
  • Cumulative Capital Investment in Biorefinery Infrastructure by Generation, World Markets: 2012-2022

List of Tables

  • Cumulative Capital Investment in Biorefinery Infrastructure by Generation, World Markets: 2012-2022
  • Average Capital Cost by Resource and Facility, World Markets: 2012
  • Top 15 Net Importers of Oil, World Markets: 2009
  • Select Biofuel Blending Mandates and Targets by Country
  • Biomass Power and Thermal Targets, World Markets: 2011
  • Average Capital Cost by Resource and Facility
  • Global Comparison of Average Historical Biofuels Investment versus Required Investment to Meet Mandates
  • Top 10 Oil Producers by Country, World Markets: 2011-2020
  • Market Share of Biorefineries by Region, World Markets: 2012
  • Green Chemical Market by Region, World Markets: 2011-2020
  • Aviation Biofuels Demand by Region, World Markets: 2011-2021
  • Market Share of Installed Biorefinery Capacity by Key Markets, World Markets: 2010-2012
  • Renewable Fuel Standard Mandates by Biofuel Segment, United States: 2009-2022
  • Market Share of Installed Biorefinery Capacity by Generation, World Markets: 2012
  • Market Share of Conventional Ethanol Biorefineries by Region, World Markets: 2012
  • Mandated Biofuels Consumption by Region, World Markets: 2012-2022
  • Estimated Annual Biorefinery Commissions by Key Markets, World Markets: 2012-2022
  • Biorefining Capacity by Region, World Markets: 2012-2022
  • Conventional Ethanol Biorefinery Capacity by Region, World Markets: 2012-2022
  • Conventional Biodiesel Biorefinery Capacity by Region, World Markets: 2012-2022
  • Advanced Biorefinery Capacity by Region, World Markets: 2012-2022
  • Total Biorefinery Capacity by Generation, World Markets: 2012-2022
  • Annual New Biorefinery Commissions by Region, World Markets: 2012-2022
  • Annual New Biorefinery Commissions by Key Market, World Markets: 2012-2022
  • Annual New Biorefinery Commissions by Generation, World Markets: 2012-2022
  • Total Biorefinery Commissions by Generation and Technology Pathway, World Markets: 2012-2022
  • Cumulative Capital Investment in Biorefinery Infrastructure by Region, World Markets: 2012-2022
  • Cumulative Capital Investment in Biorefinery Infrastructure by Key Market, World Markets: 2012-2022

Report Details

  • Pages: 94
  • Tables, Charts,
    Figures:
    50
  • Release Date: 3Q 2012

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