Indian Institute of Technology (IIT) Hyderabad have started using computational methods to understand the factors and impediments in incorporating biofuels into the fuel sector in India. A unique feature of this work is that the framework considers revenue generation not only as an outcome of sales of the biofuel but also in terms of carbon credits via greenhouse gas emission savings throughout the project lifecycle.
Key-Points
Biofuel is a fuel that is produced through contemporary processes from biomass, rather than a fuel produced by the very slow geological processes involved in the formation of fossil fuels, such as oil.
Since biomass technically can be used as a fuel directly (e.g. wood logs), some people use the terms biomass and biofuel interchangeably.
More often than not, however, the word biomass simply denotes the biological raw material the fuel is made of, or some form of thermally/chemically altered solid end product, like torrefied pellets or briquettes.
The word biofuel is usually reserved for liquid or gaseous fuels, used for transportation.
Biofuels can be produced from plants (i.e. energy crops), or from agricultural, commercial, domestic, and/or industrial wastes.
Renewable biofuels generally involve contemporary carbon fixation, such as those that occur in plants or microalgae through the process of photosynthesis.
