Methodological Foundations of Clustering and Innovativeness for Establishing the Competitive Production of Biofuels

Abstract

The article is aimed to study the worldwide trends in development of innovative processes and creation of cluster structures for elaborating methodological foundations for establishing the competitive production of biofuels. The article highlights the cluster approaches in conducting the global commercial activities that create effective mechanisms and tools to encourage innovation-investment regional development and can be characterized by their relevance for the Ukrainian economy. Emphasis is made on the matter that clustering is one of the key tools for structuring the energy market, integrated exploiting the potential of bioenergy industry sector, management of the economic policies of redistribution of value added, implementation of the growth of investment attractiveness of the biofuel industry in our country. It has been concluded that cluster development in the biofuel production will stimulate specialization and cooperation processes in the agro-industrial economy sector, bringing together related businesses in the direction of an effective interaction, thereby ensuring a high level of competitiveness of biofuels in both the national and the international markets.

Keywords

• economy
• cluster
• innovation
• biofuel
• competitiveness