These renewable resources, which are obtained from organic material such as agricultural waste, forest waste and power plants, are gradually replacing traditional fossil fuels.
According to a report by the International Energy Agency, by 2020, biomass and biofuels already constituted around 10% of total energy supply and more than 60% of renewable energy in several countries.
In the transport industry, biofuels, such as ethanol and biodiesel, offer a low-carbon alternative, with global production exceeding 150 billion liters in 2019.
As for the market, the global value of biofuels and biomass is expected to reach 218.7 billion dollars by 2030, according to a report by market research firm Markets and Markets.
These data indicate fertile ground for investors who want to seize opportunities in this emerging field. The potential of this industry is not only reflected in terms of contribution to the environment, but also in its economic viability and growth potential in the coming years.
An investor interested in entering the biomass and biofuels market must begin with a thorough evaluation of the organic matter supply chain and regional and local opportunities for biomass collection.
It is crucial to clearly understand energy conversion technologies and to know local regulations and incentives for the production of renewable energy.
The complexity and specialization necessary to manage a biomass and biofuels business make it essential for entrepreneurs to obtain expert advice in several key areas.
A professional with experience in analyzing and approving budgets is essential to maximize profitability and ensure the financial viability of each project and at the business level. Continuous monitoring of financial performance, through earnings reports, will allow entrepreneurs to make informed and timely decisions.
Expert assistance in these areas will provide entrepreneurs with a solid support infrastructure for strategic and operational decision-making, increasing the chances of success in a competitive and regulated market.
