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The advent of American natural gas exports over the next decade, combined with growing supplies from shale drilling around the world, is likely to lower natural gas prices and speed up the replacement of petroleum products with gas for the petrochemical and other industries particularly in Asia.
This contributes towards the replacement of petroleum based lubricants.
Replacement of petroleum by other energy sources is one of the principal challenges of contemporary engineering.
Biobutanol can become the replacement of petroleum gasoline in near future.
Polyhydroxyalkanoates (PHAs) have received much attention as bio-based plastics that may contribute to future replacement of petroleum based plastics.
The complete biosynthetic replacement of petroleum transportation fuels requires a metabolic pathway capable of producing short chain n-alkanes.
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Economically viable processes will require strains to approach theoretical yields, particularly for replacement of petroleum-derived fuels.
It is also an initiative to CO2 sequestration and partial replacement of petroleum-based fibers as is the case of cellulose pulps.
The replacement of petroleum-derived fuels by biofuels from renewable resources has gained worldwide interest and is scientifically investigated for its environmental costs and benefits (Hill et al., 2006, Ragauskas et al., 2006).
Development of drop-in replacements of petroleum-derived compounds is key to a sustainable carbon-based chemicals industry (Bozell and Petersen 2010; Nikolau et al. 2008).
In its 2005 billion-ton supply report, the US Department of Agriculture USDAandand the US Department of Energy (USDOE) set the goal of a 30% replacement of US petroleum consumption with biofuels by 2030.
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