Integrated Approaches for Economic Sustainability of Biofuel Industries

A modern bioenergy application is a low-carbon energy source and eco-friendly in the conversion of the biomass into bioenergy. The depletion and oscillating prices of fossil fuels greenhouse effect led the researchers to reach the transition from traditional bioenergy to modern bioenergy applications. Bioenergy, especially biofuels economy, is dependent on market supply and demand. The implementation of zero-wastage liquid discharge from the bio-based industries addresses valorization of biomass effectively for the production of other high-value products. In this perspective, the integrated approaches for sustainable development and bio-economic development with the exploration of biomass for biofuel production were assessed. The integrated biorefinery aims at achieving sustainability in energy, economic and environmental aspects with the production of energy and reducing greenhouse gas emissions. This chapter focused on how the production of bioenergy and bioproducts from the biomass feedstock under biorefinery model plays an instrumental role in the development of the technological and socioeconomic aspects. Assessment of circular economy, bioeconomy under green economy with various assessment indicators led to the production of greener products and long-term sustained economic development of biofuel industries.