E-Fuel: The Fuel for Future

It is truly said that, Mother Nature provides sufficient to satisfy an individual’s need but not for their greed! For today’s generation, it is very essential to know how to utilize natural resources wisely. It becomes very important to understand that natural resources are not meant to over exploit especially when almost all the products we use have a base of natural resources. So, the main focus should be to maintain the balance of the natural resources and its conservation, specifically the non-renewable form of resources. Hence, the global e-fuel market is expected to observe a significant growth in the future years. E-fuel is created out of renewable energy sources which include water, air, sun, and so on. Whereas, the non-renewable resources include minerals and metals ores, nuclear and coal energy, fossil fuels and so forth. 

eFuel Market

If talked, what basically e-fuel is and how it could assist in reducing the over consumption of non-renewable resources? Then, it could be defined as e-fuel is created from carbon dioxide, electricity, and water in place of buried fossils under the earth surface. Additionally, e-fuel is the purest form of clean energy as it makes sure that no further carbon dioxide is added into the atmosphere. It actually utilizes the already present ample amount of carbon dioxide in the atmosphere along with electricity and water to create an effective, harmless and hence, environmental friendly liquid energy carrier. Moreover, the core advantage behind increasing adoption of e-fuel is its ability to be utilized in vehicles which run on conventional fuels as petrol, gas or diesel. 

To fulfill the demand for increasing energy without damaging the environment, the government encourages public to use e-fuel. Another cause behind its growing consumption is scarcity of conventional sources. Moreover, there are various factors which influence the growth of the global e-fuel market. For instance, as the demand for automobiles is increasing, the demand for alternative forms of energy through the renewable resources is simultaneously increasing. Consequently, this would raise the demand for e-fuels in order to curb down the over exploitation of petrol and similar fuels used in automobiles. 

However, there are various factors that restrain the growth of the market such as the high initial investment. Additionally, the production of e-fuel is a multistage process which includes the extraction of carbon dioxide and electrolysis. To execute this process, a large manufacturing setup is essential along with a high cost of investment. More than this, a large infrastructure is being required for the implementation of the manufacturing units. Yet, the surging demand for eco-friendly fuels is expected to spur the market. The e-fuel market is divided into various regions which include Europe, North America, Asia Pacific and all Rest of the World. Within all the regions, Europe is growing at a high rate and would dominate the global e-fuel market. Furthermore, the major key players of the market include Carbon Recycling International, AMEC, Audi, Clean Fuel Development Coalition, Inferatec GmbH, Clean fuel USA, and CFT Global LLC. 

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Anurag Tiwari
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