The bio-crudes and bio-oils are biomass in a liquid form that is more easily pumpable, storable, and transportable; and has the potential for extraction of various useful chemicals.
Commercialization continues to face economic and other non-technical barriers when trying to penetrate the energy markets. Yet there are a growing variety of companies and technologies working towards or have achieved commercialized applications.
Notable applications include, but are not limited to:
While the scale is small compared to the petroleum economy, these pioneer applications are leveraging opportunity feedstocks, market and social incentives, and contexts where biomass energy can solve unique challenges. Through their successes, the existing barriers to market adoption of bio-crudes and bio-oils will be reduced to open the door for other technologies and applications. The challenge of growing the biomass energy market is bigger than any one technology, company, or country.
There are specific challenges facing utilization of bio-crudes and bio-oil as a product or intermediate to higher value products:
As far as improving technologies, the needs are: