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Sustainable business model innovation and perspective of using microalgae to produce biofuel : a systematic literature review

Moshood, Taofeeq Durojaye and Nawanir, Gusman and Mohd Hanafiah, Ahmad and Lee, Khai Loon and Suhaidah, Hussain (2022) Sustainable business model innovation and perspective of using microalgae to produce biofuel : a systematic literature review. Journal of Sustainability Science and Management, 17 (3). pp. 291-312. ISSN 1823-8556

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Abstract

The dependence on fossil oil has led to the search for alternative renewable energy resources, such as biomass, which has climbed to the top of the list of renewable energy solutions. It is not possible to separate these energy issues from environmental and sustainability concerns. Developing sustainable practices is essential for the continued expansion of countries’ and the world’s energy resources. The capacity to transition into new market models rapidly and efficiently is a critical source of sustained competitive advantage and leverage for increasing biofuel microalgae production sustainability. Given the issue’s importance, the causes of failure are mostly unknown, and there is only a limited thorough description of the sustainable business model innovation process in the literature. This study conducts a comprehensive review of the literature on the idea and technique of sustainable innovation in the microalgae business model. Multiple process phases of sustainable business model creation are described with a thorough list of major difficulties and obstacles connected with each step of the process. This study also looks into how management tools may be transformed into a process system and some insights into the process’s operational setup and performance variables.

Item Type: Article
Additional Information: Indexed by Scopus
Uncontrolled Keywords: Biofuels; Harvesting and dewatering; Life Cycle Assessment (LCA); Microalgae cultivation; Sustainability; Sustainable business model innovation
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Q Science > QD Chemistry
T Technology > TP Chemical technology
Faculty/Division: Faculty of Industrial Management
Institute of Postgraduate Studies
Depositing User: Mr Muhamad Firdaus Janih@Jaini
Date Deposited: 13 Oct 2022 06:36
Last Modified: 13 Oct 2022 06:36
URI: http://umpir.ump.edu.my/id/eprint/34919
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