Bioethanol market opportunity

First generation bioethanol and biodiesel production, which mainly makes use of cereal grains and vegetable oils, represents a growing source of high quantities of protein as a valuable by-product. Sanders et al. (2007) estimated that a 10% substitution of fossil transportation fuels worldwide by first generation biofuels would result in an annual production of 100 million tonnes of protein - about four times the proteins requirement of the world s human population. A direct result of this would be the saturation of traditional protein markets. New opportunities would therefore emerge for chemical production from proteins. 

Economic incentives and private interest in new opportunities are boosting the biofuels market at exceptionally high rates. The European Union gives a strong example. By 2010 the share of alternative fuels should rise to 5.75% by energy value and 6% by volume [14, 15]. Biodiesel is the preferred option in Europe. In contrast, in the USA and Brazil bioethanol is leading, but biodiesel has good... 

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