The Strategic Principles of Formation and Development of the Biofuel Industry in Ukraine

Abstract

The article is aimed at highlighting the strategic principles of formation and development of the biofuel production in Ukraine at a competitive level. The carried out comprehensive analysis of scientific publications indicates the relevance of the pace of development in the biofuel industry as in the world, so in Ukraine. However, the low level of consumption and production of biofuels in our country requires further research of strategic nature. It has been found that formation of the competitive production of biofuels in Ukraine would ensure the positive developments in the economic, energy, agro-industrial, and environmental directions. On the basis of the carried out SWOT-analysis, the author has evaluated internal forces and the system of internal shortages, as well as the resource potential of the agro-industrial complex towards the implementation of existing external opportunities and confronting various threats, emerging in the market conditions during the process of development and rise of the biofuel industry.

Keywords

• economy
• regulation
• energy consumption
• energy dependence
• biofuel
• strategy
• SWOT-analysis