80,99 €
This guide to investing in the bioenergy market covers the topic from both a scientific, economic and political perspective. It describes the increasing number of second generation biodiesel projects which are now emerging in anticipation of growing sustainability concerns by governments, and in response to market demands for improved process efficiencies and greater feedstock production yields.
The book also closely examines the science and technology involved in second generation biofuels and gives concrete examples, such as in the aviation industry. The result is an essential guide for scientists, investors, politicians and decision-makers in the energy sector.
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Seitenzahl: 475
Veröffentlichungsjahr: 2012
Contents
Acknowledgments
Abbreviations
Chapter 1: The Commodity Case – Introduction
1.1 Commodity Cycles – Past and Present
1.2 The Most Precious Commodity: Energy
1.3 Cheap and Expensive
1.4 Federal Reserve
1.5 Transformation to a Low-Carbon Society
1.6 Commodity Costs
1.7 The “Per Capita” Factor
1.8 Demographics: India and China
1.9 Oil, and First- and Second-Generation Biofuels
1.10 Nuclear Energy
1.11 Eleven Megaforces
1.12 Resource Wars
1.13 Geopolitical Shift in Oil Production
1.14 Oil Companies, Production, and Transportation
Chapter 2: First- and Second-Generation Biofuels
2.1 Second-Generation Requirements
2.2 Applications
2.3 First-Generation Feedstock: What Speaks against Biofuels of the First Generation?
2.4 Second-Generation Feedstock
2.5 Biomass
2.6 Bioethanol and Biodiesel Production
2.7 Biodiesel Refining
2.8 Benefits of Biodiesel
2.9 The Big Biofuel Inventors
Chapter 3: Biofuels Feedstock: Jatropha curcas
3.1 Characteristics
3.2 Jatropha Products
3.3 Advantages and Risks of Jatropha
3.4 Negative Aspects and Risks
3.5 Water Use
3.6 Invasiveness
3.7 Opinion of the UN FAO
3.8 Opinion of the World Bank
3.9 Code of Conduct
3.10 Summary of Jatropha
3.11 Where Does Jatropha Grow?
3.12 Genetic Improvement of J. curcas
References
Chapter 4: Other Biofuel Feedstocks
4.1 Pongamia pinatta
4.2 Algae
4.3 Palm Oil
4.4 Camelina
4.5 Crambe
4.6 Cheers!
4.7 Pennycress
4.8 Moringa
4.9 Castor
4.10 Halophytes
4.11 Sugarcane
4.12 Miscanthus
4.13 Grass to Ethanol: Napier Grass
Chapter 5: Cropping Methods
5.1 Intercropping and Double Cropping
5.2 Reliance Life Sciences
5.3 Nestlé
Chapter 6: Socially Responsible Investing
6.1 Principles
6.2 Practice: Jatropha curcas
6.3 Breaking the Cycle of Poverty
6.4 Food First
6.5 A Wider Context
6.6 Guatemala
6.7 Corporate Governance
Chapter 7: Sustainability
Chapter 8: Biomass
8.1 What Is Biomass?
8.2 Five Basic Categories
8.3 Benefits of Biomass
8.4 Feedstock of Biomass
8.5 Biomass Potential in Brazil
8.6 Sustainability of Agripellets
8.7 Agripellets versus Coal and Lignite
8.8 Energy Density: Gigajoules per Tonne
8.9 Why Is Biomass in High Demand?
8.10 EU Environmental Regulations: Poland
8.11 The Challenges
Chapter 9: Carbon Credits
9.1 Carbon is the Enemy
9.2 Jatropha Kerosene: A Monster Market Emerges
9.3 Carbon Reductions
9.4 Global Warming Around Us
9.5 Extreme Weather Patterns
Chapter 10: Biofuels in Europe – EU Policies
10.1 EU Policy in 2008
10.2 Heated Debates
10.3 National Policies
10.4 EU Rift in Biofuel Policy
10.5 Indirect Land-Use Change
10.6 Where Do We Stand Now?
Chapter 11: Biofuels in the United States
11.1 Biomass Demand in the United States
11.2 Second-Generation Biofuels for the United States
11.3 A Growing Shortage of Domestic Oil Production
11.4 Fuel Use at the USDA
11.5 Partnership with the FAA
Chapter 12: Biofuels in China
12.1 Clean Energy? Go to China
12.2 China is Going Green
12.3 China’s 12th 5-Year Plan
12.4 Inclusive Growth
12.5 The Beneficiaries
12.6 China’s Energy Consumption
12.7 Staggering Car Sales Numbers
12.8 China’s Diesel Pricing Mechanism
12.9 China–United States Biofuel Pact
12.10 China’s Biofuels Expansion
Chapter 13: Biofuels in Brazil
13.1 Introduction: Biofuel Industry Leader
13.2 Comparison with the United States
13.3 What is Driving the Urgency in Renewable Jet Fuel?
13.4 Biofuels from Sugarcane
13.5 Sugar Production
13.6 Ethanol Production and Flex-Fuel Cars
13.7 Bagasse, Bioelectricity, and Biofuels
13.8 Flex-Fuel = Biofuel
13.9 Fuel Consumption
13.10 Greenhouse Gas Reductions
13.11 Energy Balance
13.12 Sugarcane for Biofuels
13.13 Sugarcane Straw: A Growth Opportunity
13.14 Bioplastics
13.15 Biofuels and Public Health
13.16 Cautionary Notes
13.17 The Bottom Line
Chapter 14: Biofuels and Biomass in Africa
14.1 Dependency on Fossil Fuels
14.2 Africa’s Potential
14.3 Three African Examples
Chapter 15: General Aviation and Biofuels
15.1 Important Aviation Facts
15.2 Carbon Reduction of Carbon Dioxide Emissions
15.3 Biofuels – Providing Diversified Supply
15.4 Lifecycle of Carbon Dioxide
15.5 Green Aviation
15.6 Why Use Biokerosene?
15.7 Global Emissions of Carbon Dioxide
15.8 Sustainable Aviation Fuel Users Group
Chapter 16: Aviation and Carbon Credits
16.1 Greenhouse Gases
16.2 EU Emission Trading Scheme
16.3 Cap and Trade
16.4 Carbon in Chains
16.5 Biokerosene Targets
Chapter 17: Biokerosene
17.1 Airline Industry Lifts Biofuel Development
17.2 Safety
17.3 Ready for Take-Off – A Monster Market in the Making: Aviation Biofuels
17.4 Refining
17.5 Benefits
17.6 Jet Fuel Standards
17.7 Certification of Biofuels
17.8 ASTM
17.9 Intensive Testing
Chapter 18: Fermenting Fuels
18.1 New Generation
18.2 What are Hydrocarbons?
18.3 What are Enzymes?
18.4 What are “Drop-In Fuels”?
18.5 Converting Feedstock into Fuels
18.6 Cellulosic Ethanol
18.7 Biokerosene
Chapter 19: Airline Test Results with Biofuels
19.1 Air New Zealand
19.2 Qatar Airways
19.3 Japan Airlines Test Flight – Biofuels Tested: Jatropha, Camelina, and Algae
19.4 KLM – Biofuel Tested: Camelina
19.5 Continental Airlines
19.6 TAM
19.7 British Airways
19.8 The Milestone: Lufthansa’s Daily Flights
19.9 Cathay Pacific
19.10 Air China
19.11 Alaska Airlines
19.12 Aeromexico: First Transatlantic Biofuel Flight
Chapter 20: Investment Opportunities
20.1 The Opportunity of a Lifetime
20.2 Eight Ways to Invest in Biofuels and Biomass
20.3 Investments Check-Up
Chapter 21: Jatropha Projects, Research, and Joint Ventures
21.1 Waterland
21.2 KUOSOL: Repsol and KUO
21.3 SG Biofuels and Bunge
21.4 Shell and Brazil’s Cosan
21.5 JOil
21.6 Others
Chapter 22: The Future
22.1 Conclusions
22.2 From Nuclear to Renewable Energies
22.3 The Future of Waste
22.4 Future of Jatropha Feedstock
22.5 Future of Sugarcane
22.6 Low-Carbon Economy
22.7 Zero-Waste Economy
22.8 Our World in 2030
Glossary
Index
Related Titles
The Author
Roland A. Jansen
Mother Earth Investments AG
Zürcherstrasse 37
8852 Altendorf
Switzerland
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Printed in the Federal Republic of Germany
Print ISBN: 978-3-527-33290-8
ePDF ISBN: 978-3-527-65300-3
ePub ISBN: 978-3-527-65299-0
mobi ISBN: 978-3-527-65298-3
oBook ISBN: 978-3-527-65297-6
Acknowledgments
I want to thank the following people, who inspired me and have been instrumental to put me on the biofuel and biomass road, which enabled me to write this book:
Ben Sze from Hong Kong. In 2007, I was invited for an interview on the Asian channel of Bloomberg Television in Singapore to talk about renewable energies. I talked about this exotic plant called “Jatropha” and 5 minutes after the interview my BlackBerry rang. A voice said: “Hi, my name is Ben Sze. We have Jatropha plantations in China and I would like to meet you”! A little while afterwards we met in Hong Kong and we flew to Hainan, the beautiful island south of China where his company CPE Ltd. cultivates over 100 hectares of Jatropha nurseries in collaboration with the China–UN Development Program Green Poverty Alleviation Collaboration Project. This was a new world for me and from that moment on I was inspired and convinced that this plant could deliver not only energy, but also organic fertilizers on a giant scale. Ben Sze is extremely knowledgeable about Jatropha and has insight information how the government in Beijing plans its clean energy future. Ben moves very easily between Western and Chinese cultures, and is a great interpreter. He has been a partner and a loyal friend ever since.
Professor Feng Shang, PhD in Life Sciences at the University of Sichuan in Chengdu. His research team is developing a medicine, made out of Jatropha, against lung cancer. He is probably the best Jatropha scientist in China and a real authority. He closely linked to the renewable energy policy of the Beijing government. He inspired me very much.
Hans van den Berg is a private equity specialist in Zurich who has always helped me throughout the years.
Peter Poort, a grain specialist from Glencore Grain in Rotterdam, has always inspired me with “the big picture” and always gavin me his view from one of the big grain traders in the world.
Bloomberg TV has always given me room to communicate my commodity views live on the air in their programs worldwide. I have been interviewed in their studios in New York, London, Zurich, Singapore, Hong Kong, and Tokyo. Bloomberg always treated me extremely well.
Vital Kharoshi is one of the Jatropha pioneers in Ethiopia. With very modest means he develops Jatropha plantations where he gives employment to the poorest of the poor. He practices “intercropping”, and the farmers grow sorghum, tomatoes, coffee, and sesame between the Jatropha, and improve the quality of their lives. He inspired me about what you can achieve with simple means.
Frank ter Voorde is a very experienced palm oil trader and always has time to discuss the latest developments. I learned a lot from him about how the physical markets function.
Dr. Walter Ammann from Davos, Switzerland, Chairman of the Global Risk Forum. (www.grforum.org). Dr. Ammann organizes a large biannial conference on global risks, and he gave me a platform to speak about desertification, marginal land, erosion, its consequences, and planting Jatropha.
Lucas Bruggeman, an expert on derivative products in Zurich and one of the best marketers in Switzerland, always stimulated me in my development into renewable energies and introduced me to several decision makers in his network.
Stephan and Christiane Oberacher, my German partners with whom I learned the ins and outs of biomass, calorific values, and gigajoules.
Peter Berger, a well known journalist on financial matters, who brought me in contact with Wiley-VCH Verlag in Germany.
Dominique Menoud from Switzerland and living most of the time in Romania, who lives and dreams megawatts and kilowatts. She is a great connoisseur of the power industry and the best planner of renewable energy power plants I have ever met.
Dr. Julia Stuthe from Wiley-VCH Verlag in Germany, who guided me from the manuscript presentation to the publication of this book.
John Teo from Kuala Lumpur, who introduced me to important biofuel and biomass players in Malaysia.
Peter Möckli, CEO Sharewood Switzerland AG, an expert in wood and teak plantations in Brazil, who has always inspired me with new ideas.
Dr. Hong Yan, Chief Scientific Officer of JOil, the premier research company in Jatropha plant biotechnology in Singapore for the production of elite lines, development of tissue culture facilities, and nurseries. Dr. Hong Yan taught me a lot about the future of Jatropha as a source for clean energy.
Chris Niemandt, biofuel farmer in South Africa, who has always informed me from his tractor about the latest developments in the energy plantations.
The Bionas Management team from Kuala Lumpur: Mohd Safi’e M. Jaffri (Chairman), Zurina Amnan (CEO), and Khairil Anuar Bin Zainuddin (General Operations Manager). Bionas is probably one of the very few profitable companies in Jatropha worldwide and they showed me how it is done with contract farming in 13 countries.
My wife Anna, who always stimulated me into realizing this project. She always gives me new ideas, inspires me, is always realistic, critical, loyal, and a big support in life.
I dedicate this book to my children Laura and Vincent. As a singer, Laura Jansen is becoming a real star and she has a global audience today. She works very hard in composing beautiful music, she performsg on stage in the United States, Europe, and China, and never gives up her goals. You can follow her on Facebook. Vincent saves lives as a helicopter pilot in the US Coast Guard in Alaska. In November 2011, he starred in a documentary on the Weather Channel about the Coast Guard heroes, doing their work under extreme circumstances. The film is comparable to Top Gun with Tom Cruise. Only Top Gun is fiction and the Coast Guard documentary is for real!
Abbreviations
AAU
Assigned Amount Unit
ABPPM
Associação Brasileira de Produtores de Pinhão Manso
AIREG
Aviation Initiative for Renewable Energy in Germany
ARA
Amsterdam, Rotterdam, and Antwerp
ASA
Asian
ASTM
American Society for Testing and Materials
ASTM
American Society for Testing and Materials
ASTM
American Society for Testing and Materials
ASTM
American Society for Testing and Materials
ASTM
American Society for Testing and Materials
BCAP
Biomass Crop Assistance Program
BEES
Bio-Energy Emission Solution
BTL
biomass-to-liquid
BTL
biomass-to-liquid
BTL
biomass-to-liquids
CAAC
Civil Aviation Administration of China
CDM
Clean Development Mechanism
CDM
Clean Development Mechanism
CEPI
Confederation of European Paper Industries
CERs
Certified Emission Reductions
CNOOC
China National Offshore Oil Corporation
CNPC
China National Petroleum Corporation
COFCO
China National Cereals, Oils and Foodstuffs Corporation
CPI
Consumer Price Index
DESC
Defense Energy Support Center
EIA
Energy Information Administration
EIA
Energy Information Administration
EIA
Environmental Impact Assessment
EITI
Extractive Industry Transparency Initiative
EPA
Environmental Protection Agency
EPFL
Ecole Polytechnique Fédérale de Lausanne
ETF
exchange-traded fund
ETS
Emission Trading Scheme
ETS
emissions trading scheme
ETS
Emissions Trading Scheme
ETS
Emissions Trading Scheme
EUAs
European Emission Allowances
FAA
Federal Aviation Administration
FAO
Food and Agricultural Organization
FAO
Food and Agriculture Organization
FARA
Forum for Agricultural Research in Africa
FCCC
Framework Convention on Climate Change
GIPC
Ghana Investment Promotion Council
GRC
Genetic Resource Center
GTL
gas-to-liquid
IATA
International Air Transport Association
IATA
International Air Transport Association
IATA
International Air Transport Association
IATA
International Air Transport Association
IEA
International Energy Agency
IEA
International Energy Agency
IFAD
International Fund for Agricultural Development
IFPRI
International Food Policy Research Institute
IPCC
Intergovernmental Panel on Climate Change
IPO
initial public offering
IPPC
International Plant Protection Convention
IUCN
International Union for Conservation of Nature
MGO
marine gas oil
NGO
non-governmental organization
NGO
non-governmental organization
NGO
non-governmental organization
NGO
non-governmental organization
NGO
non-governmental organization
NGO
non-governmental organization
NREL
National Renewable Energy Laboratory
OPEC
Organization of the Petroleum Exporting Countries
PET
polyethylene terephthalate
QABP
Qatar Advanced Biofuel Platform
RLS
Reliance Life Sciences
RSB
Roundtable on Sustainable Biofuels
RSB
Roundtable on Sustainable Biofuels
RSB
Roundtable on Sustainable Biofuels
RSPO
Roundtable on Sustainable Palm Oil
SAFUG
Sustainable Aviation Fuel Users Group
SAFUG
Sustainable Aviation Fuel Users Group
SORESIN
SOcially RESponsible INvesting
SPK
synthetic paraffinic kerosene
UNDP
UN Development Programme
UNEP
United Nations Environment Programme
USDA
US Department of Agriculture
WMO
World Meteorological Organization
WWF
World Wide Fund for Nature
WWF
World Wide Fund for Nature
We have to change towards a low-carbon society. The problem with carbon dioxide is: we don’t smell it, we don’t see it, it is colorless, tasteless and invisible.
Al Gore – Speech at the Paul Scherrer Institute, Switzerland, 21 June 2010.
In August 1998, John Wiley & Sons, New York published my first book on commodities called Profits from Natural Resources. Oil was trading at $10 a barrel, nobody was paying attention to natural resources, and the high-tech bubble was in full swing. Every investor jumped on the bandwagon of the Internet and computer stocks like Microsoft, Yahoo, Oracle, and Amazon. In those days Amazon was trading at $5 a share – in August 2012 it was trading at $230 a share (and by owning Amazon stock for 10 years you would have enjoyed a few stock splits on the way up as well)! At the beginning of the first decade of this century very few people were seriously investing in the basic resources of our world. Although my timing was a little ahead of what was going to unfold, the analysis of the book (i.e. the coming commodity boom) was 100% correct.
This book is not about speculation. This is not another commodity book about trading techniques in gold, silver, or copper. This book is not about exchange-traded funds (ETFs), leverage, selling short, or high-frequency trading. This book is a guide to liquid renewable energies called second-generation biofuels and solid biomass. I think this is one of the best investments you can make today. Such an investment is “early stage.” It is like buying Microsoft at $5 a share. However, those investors who have the vision and the courage to get in early will reap the biggest benefits.
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!
Lesen Sie weiter in der vollständigen Ausgabe!