Biodiesel is a fatty acid methyl or ethyl ester fuel oil, which does not increase carbon dioxide emissions and can effectively reduce emissions of diesel exhaust pollutants. The main component of biodiesel is carbohydrates. It has a higher oxygen content and is easier to burn. Therefore, biodiesel can effectively reduce diesel engine exhaust without adding new greenhouse gas emissions. Pollutants such as particulate matter, carbon monoxide, hydrocarbons, and sulfides are emitted. From the perspective of industrial chain processing, compared with fossil diesel, biodiesel does not contain aromatic compounds that pollute the environment and has good biodegradation characteristics.
Product Performance Meets the Needs of Sustainable Development
Air pollution and atmospheric problems have attracted global attention. In the 21st century, based on traditional environmental problem management, atmospheric problems have also continuously attracted attention. Due to greenhouse gas emissions, global warming is continuing. Public data predicts that the global temperature will rise by 1.4℃—5.8 from 1990 to 2100. ℃. Over the years, the total global carbon emissions have continued to increase, and a series of issues such as the melting of glaciers caused by the greenhouse effect and rising sea levels have made countries around the world continue to strengthen the control of greenhouse gas emissions. Bioenergy is renewable and has low pollution, and is the main alternative to fossil energy in the fuel sector.
Many countries have increased the requirements for the proportion of biodiesel added, which has led to a substantial increase in overseas demand for biodiesel. As the world attaches importance to energy and environmental and climate issues, many countries have begun to promote the use of renewable energy to reduce carbon emissions, and the promotion of biofuels is one of the main directions. By the end of 2019, more than 70 countries around the world have hybrid authorizations for traditional biofuels, more than 9 countries have authorization or incentive plans for biofuels, and more than 24 countries have future goals for advanced biofuels.
The EU Vigorously Promotes the Application of Bioenergy, And the Biodiesel Market Is Developing Rapidly
The EU continues to introduce policies to promote carbon emission reduction. Since the "Kyoto Protocol", the EU has stepped up efforts to implement carbon emission reduction issues and vigorously develop renewable energy. In 2003, Europe began to approve the development and use of biofuels, and in 2006 it formulated the "EU Biofuel Strategy" to promote the development of biofuels. Add use. In 2009, the European Union successively issued the "Renewable Energy Directive" and its revised version, requiring that the proportion of renewable energy consumption in 2020 and 2030 reach 27% and 32% respectively, of which the proportion of renewable fuels in the transportation sector needs to reach 10% and 14 %. Through continuous policy promotion, the EU's carbon emission reduction actions have continued to advance, successfully forming demonstration cases around the world.
International Oil Prices Are Gradually Rising
As a kind of energy product, the market scale of biodiesel fluctuates cyclically with the changes in the macroeconomic environment. When the price of crude oil rises, the price of biodiesel, which is a substitute for mineral energy, also rises, and the enthusiasm for production of enterprises is stimulated, which promotes the increase of the industry market scale; when the price of crude oil falls, the supply and demand relationship in the ordinary diesel market tends to be slack, and biodiesel The supply and demand are no longer tight, prices have fallen, and manufacturers have thin profits, gradually reducing production and reducing market scale.
In 2017, the average annual price of Brent crude oil rebounded from the low point in 2016 to the level of US$54.7 per barrel, inhibiting the continued decline in the market size of China's biodiesel industry, and in 2017 it increased by 0.3 thousand barrels per day, reaching Production level of 8.9 thousand barrels per day. In 2019, international oil prices are in a new round of rising. The future trend of oil prices will depend on the implementation of OPEC's production cuts and the impact of factors such as the increase in US shale oil production. It is expected that in a short period of time, international oil prices will maintain a mid-to-high volatility, ensuring the stable development of China's biodiesel industry.
China's research and development of biodiesel began in the 1980s. Thanks to the continued favorable Chinese policies, China's biodiesel industry achieved rapid development from 2000 to 2014, with the industry's continued increase in production capacity and steady increase in capacity utilization. In 2014, the size of China's biodiesel market reached 972,000 tons, reaching a historical high. In the following two years, affected by the fall in international crude oil prices, China's biodiesel industry suffered a severe blow, and the market size plummeted to 429,000 tons in 2016. Since 2017, international oil prices have re-entered the upward channel, driving the gradual recovery of China's biodiesel industry, where the market size has returned to 579,000 tons in 2018.
The overall production capacity of the biodiesel industry in China is relatively high, but there are many industry participants, the technical level and product quality of enterprises are uneven, the industry structure is scattered, and the capacity utilization rate is low. With the continuous improvement of the technical level of the industry, companies that are capable of providing high-quality products on a large scale will gradually increase the profitability of their products, so as to provide financial support for subsequent technological improvements and capacity expansion, and then increase their own profit margins. Form a virtuous circle and occupy a strong position in the industry.
We provide more professional and intelligent market reports to complement your business decisions.