Journal of Nanoscience and Nanomaterials

ABSTRACT

Biodiesel is an ideal substitute to fossil based fuels, namely, gasoline (32 MJ/L) and diesel (42-45 MJ/kg), owing to the closeness of the energy density values. Automobile industry and chemicals and petrochemicals industries are the key market for the product. Moreover, the feedstock used for the production of the fuel biodiesel is sustainable (lipids from freshwater micro algae and marine macro algae and waste cooking oil which is a zero value waste and many others). This makes the biodiesel product a commercial success and highly competitive in the market. Biodiesel has a huge market in the transportation sector. The fuel biodiesel will be used in the day-to-day life of common man, in the transportation sector. In layman terms the market potential of biodiesel is as great as the market potential of gasoline and diesel, the workhorses of the transportation industry. With rapidly changing geopolitical and trade relationships across the globe there is now a greater need for self-reliance in Energy for any of the developing nations. Recently, with nearly 50 % tariff from the US government on the Indian exports due to the oil imports from the Russia there is greater need for the development of processes for home-made generation of transportation fuels like biodiesel that would reduce the dependence on the crude oil imports. This is not only relevant to India but also for other developing nations in Asia and Africa, which are often called as the third-world nations.

Keywords: Automobile Industry; Biodiesel; Petrochemicals; UN Sustainable Development Goals; well-Being; Good Health; Climate Action