If a country aspires to improve its annual GDP and more towards economic sustainability, industrial growth should be the key priority.
Due to the ever-increasing global petroleum prices, many developing and well-developed countries have been struggling with establishing new industries and protecting the survival of their current ones.
However, according to Darren Dohme, the only way a country’s economy can have a shot at growth and survival is when it starts to produce its own source of energy, which is ideally sustainable and renewable by nature.
One such energy source that every growing economy is committed to producing and benefiting from is biofuel. However, how does the increased local production of biofuel help a country’s economy grow and flourish?
The Top Four Advantages of Producing and Using Biofuel Energy Sources as Per Darren Dohme
Just because the global petroleum shortage has made its affordability challenging for many developing and developed economies, it does not mean that a country should stand by and watch its industries die down.
Instead, according to Darren Dohme, countries should be focused on allocating their manpower, land assets, and resources towards the production of different types of biofuels to make up for the high energy demands.
Some of the potential advantages of producing and using biofuel are as follows:
1. Unlike Fossilized Fuel Sources, Biofuel is a Sustainable and Renewable Form of Energy
Unlike petroleum or diesel, which needs to be mined out from the inner layers of the Earth’s crust, biofuel is a one-of-a-kind source of energy that is produced by using biomass.
Biomass is almost always made up of natural and organic matter, which includes multiple different kinds of grains and staple crops, such as sugarcane, corn, wheat, soybeans, animal waste, and other kinds of plant matter, such as algae or decomposed trees.
Since biomass does not have to be mined out of a limited reserve and instead is produced from different kinds of natural sources and matter, the biofuel it produces is renewable and sustainable in nature.
Hence, while the world will eventually run out of its petroleum and diesel reserves, it can produce biofuel as an alternate source of energy indefinitely.
2. Biofuel Can Be Used to Power Automobiles and Factories
One of the primary reasons fossil fuel demand never ceases to exist is that most global industries and transportation vehicles are directly dependent on it.
However, perhaps one of the best advantages of producing and using biofuel is that it has the potential to power all kinds of ICE automobiles and factories.
Hence, even when the world runs out of its petroleum and diesel reserves, biofuel can contribute to keeping the wheel of development and growth rolling.
3. Biofuel Production is a Relatively Faster and Easier Process
Unlike fossilized fuel sources that form over a period of millions of years, biofuel types can be produced just in a matter of days.
Hence, according to Darren Dohme, no matter how high the international petroleum prices get, an economy can become self-sustainable by producing and using biofuel whenever it needs to.
4. Increased Biofuel Usage Can Help Bring Down International Petroleum Prices
Finally, as the production and usage of biofuel go up, the international prices of petroleum and diesel are bound to go down.
Final Thoughts by Darren Dohme
No country can guarantee its survival and economic growth if its industries are fully dependent on only one kind of energy source.
Hence, according to Darren Dohme, one of the best ways to make up for the increasing energy demand is by producing and using renewable biofuel energy sources.