Driving Change: Europe's Ethanol Market Accelerates Towards Sustainability
According to ChemAnalyst report, The significant players in the European ethanol market in H1 2023 were CropEnergies AG, Panonia Ethanol Bio Zrt., Alco Energy Group, and Vivergo Fuels. In June 2023, ArcelorMittal and LanzaTech announced the beginning of operations at carbon capture and utilisation (CCU) facility located in Ghent, Belgium. The investment is worth EUR 200 million and is a first of its kind in the European steel sector. Around half of Belgium's current demand for advanced ethanol, or 80 million litres, can be produced annually at the Steelanol plant. The EU's 2030 Climate Target Plan, which calls for a reduction in greenhouse gas emissions of 55% by the end of the decade, will be advanced by the expected reduction of 125 thousand tonnes of carbon emissions from the Ghent facility annually.
The Europe Ethanol market has reached nearby 7.8 million tonnes in 2022 and is expected to grow at a CAGR of 4.45% during the forecast period until 2035.
Petrochemical and natural feedstocks can both be used to produce ethanol. Natural sugars are fermented by yeast during the natural process. Ethanol is used as a solvent to create a number of different chemicals, including ethyl esters, ethyl halides, acetic acid, diethyl ether, and ethyl amines. Ethanol is most typically used as a solvent in the chemical sector. It is utilised in the production of a wide range of products, including cosmetics, alcoholic beverages, medications, lacquers, polishes, paints, plastics, and plasticizers. Because of its antibacterial properties, ethanol is frequently employed in antiseptics, sanitizers, and treatments for fungal infections. The fuel and additive sectors are the main consumers of ethanol because of its flammability and clean-burning fuel properties.
Significant companies in the Europe Ethanol market are CropEnergies AG, Nordzucker AG, Verbio AG, INEOS Group Ltd, Prokon Nord Energiesysteme Elbewerk GmbH, Kraul & Wilkening u. Stelling GmbH (KWST), IMA S.r.l. (Industria Meridionale Alcolici), Versalis S.p.A., Eni, Tereos Group (BENP), Vertex Bioenergy, Cristal Union Group, and Alco Energy Group.
To extract data for the Europe Ethanol market, primary research surveys were conducted with Ethanol manufacturers, suppliers, distribu