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Lignocellulosic Feedstock-Based Biofuel Market to Grow by USD 33.6 Billion (2024-2028) as Non-Cropland Use Boosts Revenue, AI Powered Report- Technavio

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NEW YORK, Sept. 18, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global lignocellulosic feedstock-based biofuel market  size is estimated to grow by USD 33.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  50.35%  during the forecast period.  Non-cropland affecting nature of lignocellulosic feedstock is driving market growth, with a trend towards rising ethanol blending rate targets. However, complex and costly conversion process  poses a challenge. Key market players include Aemetis Inc., ALTRET GREENFUELS Ltd, BDI BioEnergy International GmbH, Blue Biofuels Inc., Borregaard ASA, China Petrochemical Corp., Clariant International Ltd., COSAN S.A., DuPont de Nemours Inc., ENERKEM Inc., Genera Inc., Gevo Inc., GranBio Investimentos SA, New Energy Blue LLC, Novozymes AS, and VERBIO Vereinigte BioEnergie AG.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Conversion Process (Biochemical and Thermochemical), Application (Automotive, Aviation, and Others), and Geography (North America, South America, Europe, APAC, and Middle East and Africa)

Region Covered

North America, South America, Europe, APAC, and Middle East and Africa

Key companies profiled

Aemetis Inc., ALTRET GREENFUELS Ltd, BDI BioEnergy International GmbH, Blue Biofuels Inc., Borregaard ASA, China Petrochemical Corp., Clariant International Ltd., COSAN S.A., DuPont de Nemours Inc., ENERKEM Inc., Genera Inc., Gevo Inc., GranBio Investimentos SA, New Energy Blue LLC, Novozymes AS, and VERBIO Vereinigte BioEnergie AG

Key Market Trends Fueling Growth

The transportation sector’s increasing greenhouse gas (GHG) emissions have prompted governments worldwide to set ambitious emission reduction targets. To address this issue, many countries are mandating the use of biofuels by blending them with gasoline. China, the world’s largest transport fuel market, has recently increased ethanol blending from six to all provinces to reduce air pollution, fossil fuel consumption, and improve energy security. Similarly, several European Union (EU) countries are adopting renewable ethanol to meet renewable and climate targets. These rising ethanol blending rate targets will boost the demand for bioethanol, primarily derived from lignocellulosic feedstocks, and drive the global lignocellulosic feedstock-based biofuel market growth during the forecast period. 

The Lignocellulosic Feedstock-Based Biofuel market is on the rise, with trends including the use of Sida hermaphrodita from the Mallow family, halophytes, and feedstocks like Desmostachya bipinnata, Phragmites karka, Panicum turgidum, Brachypodium, and more. Plant Biotechnology is a key driver, focusing on non-cropland sources. The adoption of bioethanol as a transport fuel reduces GHG emissions, with conversion processes using both biochemical and thermochemical methods. Ethanol blending is increasing, making second-generation biofuels a winning imperative. Integrated waste management is essential, and release studies on market synthesis, analyzing multiple parameters like profit, pricing, promotions, and industry influencers. Aviation is a growing sector, with cost and product pricing influenced by political factors, social scenarios, regulations, and spending. Leading and emerging companies expand their company regional and industry footprints, striving for scalability and innovation. 

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Market Challenges

•         Lignocellulosic feedstocks, composed of lignin, hemicellulose, and cellulose, are used to produce biofuels, primarily bioethanol. The production process involves pretreatment, enzymatic hydrolysis, fermentation, and separation. However, the conversion of biomass to sugars is a significant challenge due to the tightly packed cellulose microfibrils and the presence of lignin and hemicelluloses. This limits access of polysaccharides to enzymes during hydrolysis. In fermentation, organisms struggle to efficiently convert pentose sugars, such as arabinose and xylose, and hexoses, including glucose, mannose, and galactose, to ethanol. Other challenges include low microorganism ethanol tolerance, low reaction rates, and incomplete pentose conversion. Commercial production of cellulosic ethanol remains complex and costly due to economies of scale lower than fossil fuels, hindering market growth.

•         The Lignocellulosic Feedstock-Based Biofuel Market is experiencing significant growth due to the increasing demand for renewable and sustainable energy sources. However, several challenges persist in this sector. Company benchmarking is crucial to remain competitive, with key players including Mendel Biotechnology, BP Biofuels, Generac Energy, and others. Lignocellulosic feedstocks, derived from cellulose and lignin in biomass, pose unique challenges. These include the complex structure of cellulose and lignin, requiring advanced thermochemical conversion processes like pyrolysis, torrefaction, and gasification. Feedstocks like wood, short rotation coppice, energy grasses, reeds, and various types of miscanthus (Miscanthus giganteus, Miscanthus sinensis) are under exploration. Drop-in biofuels, such as cellulosic ethanol, offer GHG efficiency advantages over traditional diesel. Utilizing marginal lands, including riparian and wetlands, is essential to minimize soil erosion and reduce the competition with food production. Saline soils and water also pose challenges, with feedstocks like reed canary grass (Phalaris arundinacea), giant reedgrass (Arundo donax), and various types of grasses (Giant King Grass, Napier Grass, Elephant Grass, Pennisetum purpureum) showing potential. Plant breeding and biotechnology play a vital role in enhancing feedstock productivity and sustainability. The Poaceae family, which includes switchgrass and willow, is a focus area for research and development. In conclusion, the Lignocellulosic Feedstock-Based Biofuel Market presents numerous opportunities and challenges, requiring continuous innovation and collaboration to overcome hurdles and drive growth.

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Segment Overview 

This lignocellulosic feedstock-based biofuel market report extensively covers market segmentation by

Conversion Process1.1 Biochemical1.2 ThermochemicalApplication 2.1 Automotive2.2 Aviation2.3 OthersGeography 3.1 North America3.2 South America3.3 Europe3.4 APAC3.5 Middle East and Africa

1.1 Biochemical-  The lignocellulosic feedstock-based biofuel market is experiencing significant growth due to increasing demand for renewable energy sources. This market primarily focuses on converting non-food biomass, such as agricultural waste and wood chips, into biofuels. Key players in this industry include DuPont, Abengoa, and POET, who are investing heavily in research and development to improve production efficiency and reduce costs. Government initiatives and policies supporting renewable energy are further boosting market growth.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The lignocellulosic feedstock-based biofuel market refers to the production of biofuels from biomass sources, specifically those rich in cellulose, lignin, and other complex carbohydrates. These feedstocks include wood, short rotation coppice, energy grasses, reeds, and other agricultural residues. The market for these biofuels, which include drop-in biofuels for aviation and diesel, has gained traction due to the adoption of bioethanol as a transport fuel and the potential to reduce greenhouse gas emissions. The cost-effective conversion process involves both biochemical and thermochemical methods, which break down the lignocellulosic material into simpler sugars for fermentation or produce syngas for the production of biofuels through Fischer-Tropsch synthesis. The nature of lignocellulosic feedstocks presents challenges in the conversion process, but ongoing research and technological advancements continue to drive market growth. The biofuel market for lignocellulosic feedstocks is expected to expand significantly as the demand for sustainable and low-carbon transport fuels continues to increase.

Market Research Overview

The Lignocellulosic Feedstock-Based Biofuel Market is a rapidly growing sector focused on producing biofuels from non-food sources, such as cellulose, lignin, wood, short rotation coppice, energy grasses, reeds, and other plant materials. The market is driven by the need to reduce greenhouse gas (GHG) emissions in the transport sector and the availability of marginal lands for feedstock production. Cost is a significant factor in the market, as the conversion process for lignocellulosic feedstocks is currently more expensive than that of traditional corn-based ethanol. Product pricing and political factors also play a role, with regulations and government spending influencing the industry’s growth. Winning imperatives for companies include scalability, innovation, and leading and emerging technologies such as thermocellulosic conversion, cellulosic ethanol, pyrolysis, torrefaction, gasification, plant breeding, and biotechnology. Companies with a strong regional and industry footprint, such as Mendel Biotechnology, BP Biofuels, Genera Energy, and those focusing on Miscanthus species like Miscanthus giganteus and Miscanthus sinensis, are at the forefront of this market. The market also includes various feedstocks, including halophytes, reed canary grass, and various grasses like Napier Grass, Elephant Grass, Pennisetum purpureum, and Poaceae family members. The use of non-cropland and adoption of bioethanol as a transport fuel is a key trend in the market, with second-generation biofuels and integrated waste management playing essential roles in its future development. This market report, published by a reputable provides in-depth analysis of the market, including company benchmarking, market size, growth trends, and future outlook.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Conversion ProcessBiochemicalThermochemicalApplicationAutomotiveAviationOthersGeographyNorth AmericaSouth AmericaEuropeAPACMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Trainocate Wins Cisco Learning Partner of the Year – APJC for Second Consecutive Year

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BANGALORE, India, Nov. 15, 2024 /PRNewswire/ — Trainocate Holdings, a leading global provider of technology and business training solutions, today announced that it has been awarded the Cisco Learning Partner of the Year 2024 for Asia Pacific, Japan, and China (APJC) for the second year in a row.

This prestigious award recognizes Trainocate’s outstanding performance, commitment to customer success, and dedication to delivering high-quality Cisco training programs across the region.

“To be recognized once was an honour beyond words, but to be bestowed this distinction again is truly humbling and a testament to the unwavering support and encouragement of those who have walked this journey with us,” said Takashi Ozawa, President & CEO of Trainocate Holdings. “We are deeply grateful for everyone who has been a part of our success. This award reflects our core values of collaboration, excellence, and customer centricity, and it inspires us to continue upholding them in everything we do.”

“Receiving the Cisco Learning Partner of the Year award for a second consecutive year is a true reflection of our team’s dedication and our unwavering pursuit of excellence,” said Khor Hee Soo, CTO of Trainocate Holdings, Managing Director for India, and Chairman for Sri Lanka and UAE. “This recognition not only celebrates the hard work of everyone at Trainocate but also reinforces our commitment to empowering individuals and organizations across the APJC region with transformative learning solutions. We are deeply grateful to Cisco for their partnership and look forward to continuing our journey of innovation and impact in the learning and development space.”

During the award ceremony held on 23 October 2024, Cisco highlighted Trainocate’s impressive achievements within the past year, including:

32% of Instructor-Led Training (ILT) seats sold in the APJC region.45% of Cisco U subscriptions sold in the APJC region.Exceptional learner satisfaction on score of 94%.

These accomplishments demonstrate Trainocate’s strong track record of delivering impactful and engaging learning experiences that help professionals achieve their career goals and organizations drive digital transformation.

As a Cisco Platinum Learning Partner, Trainocate offers a comprehensive portfolio of authorized Cisco training courses, certifications, and learning solutions. With over 29 years of experience, Trainocate is a trusted partner for organizations seeking to upskill their workforce and stay ahead of the curve in today’s rapidly evolving technology landscape.

About Trainocate Holdings

Trainocate Holdings is a leading provider of IT and professional training, offering a comprehensive range of courses and certifications across various domains.

Boasting a global presence in 22 countries (and counting!) and a commitment to excellence, Trainocate empowers individuals and organizations to achieve their full potential through continuous learning and development.

With 30+ authorized training partnerships and countless awards from leading technology vendors, you’re guaranteed learning from the industry’s elite when you #GetTrainocated.

For more information, visit Trainocate’s website www.trainocate.com.

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Can Independent Physicians Survive in 2025?

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Learn How at an Exclusive Webinar on Nov. 20th Hosted by Medical Economics and Specialdocs 

CHICAGO, Nov. 14, 2024 /PRNewswire/ — In healthcare change is inevitable, but for independent physicians already facing an uncertain economic forecast in 2025, the prospect of a new administration is sparking even more concern. To help decipher the implications of an ever-evolving regulatory and reimbursement landscape, Medical Economics has teamed up with Terry Bauer, CEO of concierge medicine pioneer Specialdocs Consultants, and Max Reiboldt, Chairman of leading healthcare advisory, Coker, to present an exclusive, informational webinar for physicians on November 20th. Bauer and Reiboldt bring insights gained collectively over more than a century advising physicians on career strategies, to address the headwinds that threaten to topple private medical practices, and explain why concierge medicine offers one of today’s most viable pathways to retaining independence. 

Prominent healthcare industry experts share how physicians can thrive in 2025: join our complimentary webinar on Nov. 20th.

CLICK HERE to register for “2025 Forecast for Physicians: Financial Headwinds, Continued Burnout, and How Concierge Medicine May Be the Cure for What Ails You” at 7 pm CST/8 pm EST on Wednesday, November 20th.

“Now representing just 22% of all practices,1 the independent physician is in danger of disappearing altogether amid unrelenting financial, professional and personal pressures,” says Bauer. “Among other challenges, rising costs to operate a traditional practice and continual cuts to Medicare reimbursements have contributed to an overall 29% downward slide in Medicare compensation over the last two decades.”2

He continues: “Yet we know that a change to our membership medicine model can prove lifesaving, restoring practice sustainability and ushering in a new era of unparalleled career satisfaction. We’ve long championed this solution for physicians in private practice, who have been consistently unappreciated for the very real value they bring to their patients and the health system.” 

Adds Reiboldt: “Physicians in private practice are still a cornerstone of our healthcare system yet are facing challenges that threaten their existence. More and more physicians are affiliating with capital and/or strategic partners, which is not a bad thing but still threatens their independence and private structure.”

A number of crucial issues will be examined during the webinar. “We will approach these with sensitivity as all providers (physicians, health systems, private and public investors, et al) share in both the credit and the blame for our current state of affairs,” says Reiboldt.

Topics will include:

The new administration’s approach to lowering costs, reducing regulatory barriers to consolidation and expanding price transparency mandates for healthcare services.Future use of AI and other technologies to drive greater efficiencies, quality of care.The outlook for primary care providers and programs such as Medicare Advantage, risk-based reimbursement, quality incentives.How upcoming changes in reimbursement and regulations impact the financial viability of traditional practices.Strategies for maintaining or regaining independence as a practitioner; concierge medicine as a model offering sustainable financial security and work-life balance.

About Our Speakers

Terry Bauer is CEO of Specialdocs Consultants. With more than three decades of healthcare leadership experience, Terry has a reputation for bringing about positive change as a strategist, builder, and driver of successful, high-performance companies. Terry’s mission at Specialdocs: to elevate the profile and escalate the growth of this firm that has pioneered the transition from traditional to independent concierge medicine practices, with a focus on expanding the reach and portfolio of high-quality services provided to the company’s growing national network of exceptional physicians. Terry’s career includes a long tenure as co-founder, president, CEO, and director of Orion HealthCorp, a national physician services and management organization. He has served on the board of directors of Specialdocs since Shore Capital Partners invested in the firm in 2015, and became CEO of the company in 2016.

Max Reiboldt, CPA, is Chairman of Coker. His 45 years of work in business and industry, primarily involving healthcare providers, has given him invaluable experience. He handles strategic, tactical, financial, and management issues that health systems, physicians, and other healthcare entities and/or investors face in today’s evolving marketplace. Max understands the nuances of the healthcare industry in a dynamic age, and how healthcare organizations need to maintain viability in a highly competitive market. Whether a transitional provider or a more trailblazing healthcare entity, Max works to provide sound solutions to everyday and long-range challenges with a hands-on approach much valued by his clients. Max oversees Coker’s services as part of the Executive Committee, and maintains his passion for working with clients and organizations of all sizes.

Physician’s Advocacy Institute reportAMA 2024 Medicare Updates

Media Contact:
Mindy Kolof
mkolof@specialdocs.com 
8479213271

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Rokid Glasses: Where AI Meets AR, Rivaling Meta’s Ray-Ban in an Exclusive Unveiling at Rokid Jungle 2024

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REDWOOD CITY, Calif., Nov. 14, 2024 /PRNewswire/ — Rokid is poised to unveil its groundbreaking next-generation smart glasses, the Rokid Glasses, at the highly anticipated Rokid Jungle 2024 event, set to take place on 18 November in Hangzhou, China. Seamlessly integrating cutting-edge artificial intelligence with augmented reality, Rokid Glasses represent the pinnacle of innovation. As the most eagerly awaited event in the augmented reality calendar, Rokid Jungle 2024 is destined to be the largest and most consequential gathering of its kind on the global stage. With an impressive turnout expected of over 1,000 distinguished attendees, the event will serve as a landmark occasion, bringing together partners, visionaries, and industry leaders. The launch of the Rokid Glasses promises to elevate the smart daily experience to unprecedented heights, setting new standards in the realm of wearable technology.

Rokid Glasses: Transforming AI and AR into an Essential Daily Gadget for All
Rokid Glasses combine style, comfort, and lightweight design with intuitive, AI-powered features. Integrated with Alibaba’s Tongyi Qianwen AI, Rokid Glasses offer a range of capabilities, including object recognition, text translation, and even solving complex math problems. It can calculate the calorie content of food or provide real-time language translation, making it an indispensable tool for travelers.

Empowered by Zhi Xiaobao, Alibaba’s AI assistant, Rokid Glasses allow users to take full control of their world with simple voice commands, whether booking a ride or ordering a coffee. The advanced voiceprint recognition technology also facilitates secure payments via Alipay, ensuring a seamless and trusted connection to the user’s phone. Alipay’s cutting-edge AI audio detection technology guarantees top-tier security and fraud prevention during transactions.

A standout feature of Rokid Glasses is the ability to view message notifications directly through the glasses, effectively replacing the need for a phone screen. This functionality hints at a future where Rokid Glasses may evolve into a central hub of daily life, potentially replacing smartphones altogether as an essential tech gadget. “We’ve crafted our new glasses to redefine the user experience, bringing the world’s first AI+AR glasses to daily life,” says Misa Zhu, Founder and CEO of Rokid. “Our mission is to make high-quality AI+AR glasses accessible to everyone, and this launch marks a bold step in that direction.” True to Rokid’s ethos of Leave Nobody Behind, the Rokid Glasses bridge gaps in accessibility, usability, and comfort, ensuring that everyone can experience the transformative power of innovation.

Rokid’s Role to Impact Global Tech Arena and Its Commitments for leading AR Industry
Rokid is making significant strides in transforming the museum experience using augmented reality (AR) technology to enhance visitor engagement. By providing immersive, interactive experiences, Rokid brings historical artifacts and exhibitions to life in exciting new ways. With over 2.5 million users benefiting from its AR glasses and more than 300,000 of these users have made actual purchases and are actively engaged with the devices. Even more striking is the fact that Rokid users spend an average of 2 hours and 45 minutes daily with Rokid glasses—this not only underscores the strong appeal of Rokid’s products but also reflects the growing consumer interest in and adoption of augmented reality technology.

Rokid’s ecosystem continues to flourish, with over 6,200 registered developers, highlighting the company’s significant progress in cultivating an open and thriving ecosystem. As the race in augmented reality heats up, major players are competing for dominance in this rapidly evolving space. With AR technology expanding its global footprint, the question remains: who will emerge as the true leader in the AR industry? While the collaboration between Ray-Ban and Meta has brought new energy to the smart glasses market, Meta continues to face challenges. Despite a decade of investment in XR, VR, and AR, Meta has made strides with VR hardware like the Meta Quest but still struggles with slow user adoption and limited AR functionality.

Rokid Jungle 2024: A Decade of Breaking Boundaries in Augmented Reality
Rokid Jungle 2024 commemorates a significant milestone: Rokid’s 10th anniversary and the beginning of the next decade of AR innovation. From its founding in 2014, Rokid has maintained a relentless focus on human-computer interaction, driving the evolution of AR technology through unwavering dedication to innovation. From setting industry standards with the original Rokid Glass to the highly regarded consumer product Rokid Air, and now with the trendsetting AR Studio and AR Lite, Rokid has played a key role in propelling the AR industry forward.

With the launch of the latest Rokid Glasses, the company reaffirms its leadership in the new wave of AR technological innovation. To mark this remarkable milestone, Rokid is delighted to offer a $20 benefit on all purchases made via the official website, using the code ROKID10 at checkout. Looking ahead, Rokid is thrilled to showcase its innovations at CES 2025, where will continue to lead the charge in AR technology. Rokid looks forward to seeing you there and sharing the next chapter of this exciting journey.

Email: pr@rokid.com
Rokid Official Website https://global.rokid.com/

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