Newark, Feb. 19, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 6.9 billion E-fuel market will reach USD 104.2 billion by 2033. Electrofuel, or e-fuel, is a synthetic fuel made using a process known as power-to-liquid (PtL) from renewable energy sources such as solar or wind power. With this cutting-edge technology, renewable electricity is electrolyzed to produce hydrogen and carbon dioxide to create liquid fuel. With e-fuel emerging as a crucial route to achieving net-zero emissions, the global energy landscape is undergoing a revolutionary transition that is predicted to promote the expansion of the e-fuel business. Many major factors are propelling the e-fuels market’s expansion. First, the rise of e-fuels as a workable alternative result from the global upsurge in sustainability initiatives that strongly emphasise reducing carbon emissions. The e-fuel market is being driven by the simultaneous transformation of e-fuel production, improvement of efficiency, and reduction of prices due to technological improvements, particularly in power-to-liquid processes. The main factors influencing the market acceptance of e-fuels are their compatibility with current infrastructure and capacity to meet long-haul transportation demands.
● Clean Fuels Alliance America
● E-Fuel Corporation
● Hexagon Agility
● Norsk e-Fuel AS
● Archer Daniels Midland Co.
● Ceres Power Holding Plc
● Climeworks AG
● eFuel Pacific Limited
● Neste
● Hydrogen
● E-Methane
● E-Diesel
● Ethanol
● E-Kerosene
● E-Methanol
● Others
● Liquid
● Fischer-Tropsch
● Hydrogen Technology (Electrolysis)
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(GlobeNewsWire)