Altener EIE-05-022 Biofuel Marketplace - Web-based biofuel Marketplace for supporting the e-Commerce of Biofuel Products and Technologies

Contacts




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IEE - Altener : Liquid Biofuels and Biogas

Type of Project	ALTENER
Contract No	EIE-05-022
Start Date	1-1-2006
Duration	19 Months

Abstract

The overall aim of this project is to establish biofuel products and technologies as "ordinary" trading commodities and thus to open the door to actual large-scale commercial exploitation in Europe. This will be achieved by creating a web-based Biofuel Marketplace in order to provide a biofuel supply/demand info system for Europe's biofuel stakeholders. The website will also provide simple on-line e-commerce and brokerage business models and will integrate a set of advanced facilities (databanks, user-accounts, studies and legal assistance, newsletters) for the promotion of actual commerce of biofuel products and technologies. Such virtual marketplace will not only increase the market penetration of biofuels but it will also increase the "acceptability" biofuels as a common trading commodity, a most important step for actual commercial exploitation.

The proposers of this project believe that creating an information portal for the support of actual commercial exploitation of biofuel products and technologies would not only contribute to current European efforts but such initiative would also help to remove some the existing barriers of biofuel production and trade. The Marketplace will increase the "acceptability" biofuels as a common trading commodity, which is a most important step for actual commercial exploitation.

The foundations of the Marketplace will be established by a series of assessment work carried out at European level establishing the background for a greater market penetration of biofuels, resulting in a well integrated, efficient and cost effective solution for reducing European dependency on conventional fuels and the improvement of European renewable fuel supply chains.

The proposers will review recent results of biofuel-related initiatives strictly from a commercial exploitation point of view. That is earlier projects with results bearing clear commercial value will be screened and their results will be made available for commercial exploitation or for further development by investors. This screening will be performed by contacting the coordinators of running and completed European biofuel projects and collect the commercially viable results or " by-products" of their investigation and assessing the validity (patent application, etc) of their commercial value.

With this high initial exposure and proper stakeholder involvement the activities of the Biofuel Marketplace can be promoted efficiently and the facilitation of commerce of biofuel products and technologies can begin during the second half of the project. Whereas the foundations of the Marketplace will have been established based on results of previous projects, the core commercial activities will be market-driven with the Marketplace acting as a catalyst between the suppliers of biofuel products and technologies and the customers of these products. It is the Consortium members' commitment that after the end of the third year the Biofuel Marketplace will be selfsustainable financed by industrial advertisers and commissions paid after the trading and commercial application of biofuel products and technology. Such virtual marketplace will not only boost interest for alternative motor fuels but it will also increase the "acceptability" biofuels as a common trading commodity, a most important step for strengthening the supply chain and market structures for biofuel products and technologies.

Coordinator

Geonardo Ltd, Hungary

Contacts

Contact

• Balazs BODO / Geonardo Ltd HUNGARY