|By PR Newswire||
|April 2, 2014 02:54 PM EDT||
DUBLIN, Apr. 02, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/pz49zv/global_algae) has announced the addition of the "Global Algae Biofuel Technologies Market 2014-2018" report to their offering.
Governments in various countries including the US, Italy, China, Germany, and India have been funding biofuel projects, and have introduced incentives and subsidies to vendors that produce biofuels. For instance, the US has announced a stimulus package of US$100 billion to develop clean, alternative, and renewable technologies. The US Government has also introduced its Renewable Fuels Reinvestment Act, which proposes an extension of Volumetric Ethanol Excise Tax Credit, allowing a US$0.54 per gallon tariff on imported ethanol until December 2015. It has also introduced various tax credits to help improve the production of ethanol.
The US Department of Energy has awarded US$151 million in funding to 37 biofuel-related projects under its Advanced Research Projects Agency-Energy program. Similar incentives are being introduced in other countries and this is one of the major trends which is expected to drive the Global Algae Biofuel Technologies market in the future.
According to the report, one of the major drivers in this market is the increasing environmental awareness. The increase in pollution caused by fossil-based fuels is one of the major reasons for the increase in demand for alternative vehicle fuels. The ability of biofuels produced from algae to reduce environmental pollution significantly is in turn driving the growth of the Global Algae Biofuel Technologies market.
Further, the report states that one of the major challenges in this market is the high cost of production of algae biofuels. Second and third-generation biofuel feedstock such as algae and bacteria requires a high initial cost for its production. Apart from production costs, the companies involved in the production of biofuels from algae also incur the high costs of fuel conversion. This can have a negative impact on the growth of the market in the near term.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key Topics Covered:
1. Executive Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
6. Market Landscape
7. Geographical Segmentation
8. Buying Criteria
9. Market Growth Drivers
10. Drivers and their Impact
11. Market Challenges
12. Impact of Drivers and Challenges
13. Market Trends
14. Trends and their Impact
15. Vendor Landscape
16. Key Vendor Analysis
17. Other Reports in this Series
- Bayer Material Science LLC.
- Desmet Ballestra Group N.V.
- Georg Fischer Ltd.
- Siemens AG
For more information visit http://www.researchandmarkets.com/research/pz49zv/global_algae
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
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