Ukraine liquid biofuel market current state modeling
Keywords:
alternative energy, fuel market, econometric model.
Abstract
Development and use of alternative energy in Ukraine is one of the state priority directions. Production and use of liquid bioenergy fuels from energy crops and biomass cultivation for the production of biofuels of various types’ provision are the main priorities for Ukraine. The purpose of the study is to determine the opportunities of Ukraine liquid biofuel market development scenario binary econometric model design. In the article, based on the method of economic and statistical modeling with the use of statistical software environment «R» econometric models of Ukraine liquid bioenergy fuels market formation and functioning have been designed. The objective of the study is to substantiate the possibility of an econometric model and regression analysis in the study of prospects for the development of the liquid biofuel market application. The possibility of usage the alternative energy in Ukraine has been substantiated, as one of the state priority directions. The conducted study on Ukraine bioethanol market development and functioning until 2023 forecast enabled to establish that volumes of corn export and export price for wheat affect the Ukraine bioethanol production scope. It has been substantiated that in the country it is expedient to form the products consumption culture in the context of low-carbon economic development in the face of global climate challenges and taking into account future trends. A multifactor correlation model that is based on the bioethanol market in Ukraine's development and functioning study has been suggested.
References
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Zabaniotou, A. (2018). Redesigning a Bioenergy Sector in EU in the Transition to Circular Waste-Based Bioeconomy – a Multidisciplinary Review. Journal of Cleaner Production. Vol. 177. – P. 197-206. DOI: 10.1016/j.jclepro.2017.12.172.
Zabed H., Sahu J. (2017). Bioethanol Production from Renewable Sources: Current Perspectives and Technological Progress. Suely et al. Renewable and Sustainable Energy Reviews. 2017. Vol. 71. P. 475–501. URL: https://doi.org/10.1016/j.rser.2016.12.076
Zulauf, C., Prutska, O., Kirieieva, E., Pryshliak, N. (2018) Assessment of the Potential for a Biofuels Industry in Ukraine. Problems and perspectives in management, Vol.16 (4). – P. 83-90. DOI: http://dx.doi.org/10.21511/ppm.16(4).2018.08
Banerjee, S., Kaushik, S., Tomar, R. (2019) Global Scenario of Biofuel Production: Past, Present and Future. Springer International Publishing, Vol. 10. https://doi:10.1007/978-3-030-14463-0_18
Berndes, G., Hansson, J., Egeskog, A., and Johnsson, F. (2010). Strategies for 2nd generation biofuels in EU – co-firing to stimulate feedstock supply development and process integration to improve energy efficiency and economic competitiveness. Biomass Bioenergy, Vol. 34. P. 227–236. https://doi.org/10.1016/j.biombioe.2009.07.007
Bilotskiy, S., Danylova, O., Grinenko, O., Karmaza, O., & Koucherets, D. (2017). Legal and Economic Aspects of Ukrainian Enterprises Activity at the European Renewable Energy Market. Investment Management and Financial Innovations, Vol. 14(2). – P. 71-78. https://doi.org/10.21511/ imfi.14(2).2017.07
Bórawski, P., Bełdycka-Bórawska A., Szymańska, E., Krzysztof Jankowski, J., Dubis, B., Dunn, J. (2019). Development of renewable energy sources market and biofuels in The European Union. Journal of Cleaner Production. Vol. 228. P. 467-484. https://doi.org/10.1016/j.jclepro.2019.04.242
Chaikin, O., Kirieieva, E., Slobodeniuk O. (2018). Environmental Management Certification: Socio-Economic Monitoring. Management Theory and Studies for Rural Business and Infrastructure Development. 2018. Vol. 40. № 3. – 297 – 306 p. DOI: https://doi.org/10.15544/mts.2018.28.
Cheban, I., Dibrova, A. (2020). Development of Liquid Biofuel Market: Impact Aassessment of the New Support System in Ukraine. Journal of International Studies, 13(1), 262-278. doi:10.14254/2071-8330.2020/13-1/17
Cheteni, P. (2017). Sustainable Development: Biofuels in Agriculture. Environmental Economics. Vol. 8(2). – P. 83-91. https://doi.org/10.21511/ee.08(2).2017.09
Dafnomilis, I., Hoefnagels, R., Pratama, Y., Schott, D., Lodewijks, G., Junginger, M. (2017) Review of Solid and Liquid Biofuel Demand and Supply in Northwest Europe Towards 2030 – A comparison of National and Regional Projections. Renewable and Sustainable Energy Reviews. Vol. 78. – P. 31-45. DOI: 10.1016/j.rser.2017.04.108
Dibrova A., Cheban I. (2018) Modelling of Liquid Biofuels Market in Ukraine. Ekonomika APK. – 2018. – № 12 – P. 16. DOI: https://doi.org/10.32317/2221-1055.201812016
Gan, J., Stupak, I. and Smith, C. (2019). Integrating policy, market, and technology for sustainability governance of agriculture-based biofuel and bioeconomic development in the US. Energ Sustain Soc . Vol. 9(43). https://doi.org/10.1186/s13705-019-0223-2
Gołębiewski, J., Kucher, O. (2020) Development of the Biofuel Market in the Ukraine. Annals of the Polish Association of Agricultural and Agribusiness Economists. Vol. XXII., No. (1). – P.104-112. DOI: 10.5604/01.3001.0013.7813
Karka, P., Papadokonstantakis, S., and Kokossis, A. (2017). Cradle-to-gate assessment of environmental impacts for a broad set of biomass-to-product process chains. Int. J. Life Cycle Assess. 22. P. 1418–1440. https://doi.org/10.1007/s11367-017-1262-6
Kirieieva, E. (2016). Biofuels Production: World Experience and Possibility for Developing in Ukraine. Economy, finances, management topical issues of science and practical activity, Vol. 4. – P. 7-14. Available online: http://nbuv.gov.ua/UJRN/efmapnp_2016_4_3
Kudrya S. (2015) State and Prospects of Renewable Energy Development in Ukraine. Bulletin of the National Academy of Sciences of Ukraine. – 2015. – № 12. – P. 19 26. Available online: http://nbuv.gov.ua/UJRN/vnanu_2015_12_6
Littlejohn, J., Littlejohn R., Rehmann, L., and others. (2018). Current State and Future Prospects for Liquid Biofuels in Canada. Biofuel Research Journal. Vol. 5(1). – P. 759-779. DOI: 10.18331/BRJ2018.5.1.4.
Lutsiak, V., Pryshliak, N., Tokarchuk, D. and Semchuk, I. (2019), Research on the Potential of Agricultural Enterprises of Vinnytsia Region in the Production and Use of Biofuels, Efektyvna ekonomika, [Online], Vol. 10, available at: http://www.economy.nayka.com.ua/?op=1&z=7308 (Accessed 18 Dec 2020). DOI: 10.32702/2307-2105-2019.10.12
Mandova, H., Gale, W. F., Williams, A., Heyes, A. L., Hodgson, P., and Miah, K. H. (2018). Global assessment of biomass suitability for ironmaking – opportunities for co-location of sustainable biomass, iron and steel production and supportive policies. Sustain. Energy Technol. Assess. Vol. 27. P. 23–39. https://doi.org/10.1016/j.seta.2018.03.001
Melnyk, N. (2019), Agricultural Potential in the Production of Biofuels in Ukraine. Agricultural and Resource Economics: International Scientific E-Journal, [Online], vol. 5, no. 1, pp. 92–106. Available online: http://are journal.com.
Najmi, A., Shakouri, H., Nazari, S. (2016). An integrated supply chain: A large scale complementarity model for the biofuel markets. Biomass and Bioenergy. Vol. 86. P. 88-104. https://doi.org/10.1016/j.biombioe.2016.01.010
Peixoto, I., Temmes, A. (2019). Market organizing in the European Union's biofuels market: Organizing for favouring, acceptability, and future preferences. Journal of Cleaner Production. Vol. 236. 117476. https://doi.org/10.1016/j.jclepro.2019.06.307
Sandesh, K., Ujwal, P. (2021) Trends and perspectives of liquid biofuel – Process and industrial viability. Energy Conversion and Management: X, Vol. 10. https://doi.org/10.1016/j.ecmx.2020.100075
Zabaniotou, A. (2018). Redesigning a Bioenergy Sector in EU in the Transition to Circular Waste-Based Bioeconomy – a Multidisciplinary Review. Journal of Cleaner Production. Vol. 177. – P. 197-206. DOI: 10.1016/j.jclepro.2017.12.172.
Zabed H., Sahu J. (2017). Bioethanol Production from Renewable Sources: Current Perspectives and Technological Progress. Suely et al. Renewable and Sustainable Energy Reviews. 2017. Vol. 71. P. 475–501. URL: https://doi.org/10.1016/j.rser.2016.12.076
Zulauf, C., Prutska, O., Kirieieva, E., Pryshliak, N. (2018) Assessment of the Potential for a Biofuels Industry in Ukraine. Problems and perspectives in management, Vol.16 (4). – P. 83-90. DOI: http://dx.doi.org/10.21511/ppm.16(4).2018.08
Published
2021-08-25
How to Cite
ChaikinO., & MelnykN. (2021). Ukraine liquid biofuel market current state modeling. Herald of Kyiv Institute of Business and Technology, 47(1), 38-45. https://doi.org/10.37203/kibit.2021.47.01
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Статьи
