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Economic Summary of Biofuel Resources in Agricultural Development Conditions

Affiliations

  • Doctor of Economics, Associate Professor Kazakh University of Economics, Finance and International Trade. Republic of Kazakhstan,Astana,
  • Ph.D., Kazakh Humanitarian Juridical Innovative University, Republic of Kazakhstan, Semey
  • Ph.D. (Economics), Associate Professor, JSC Financial Academy, Republic of Kazakhstan, Astana,
  • Ph.D., Kazakh Humanitarian Juridical Innovative University, Republic of Kazakhstan, Semey,
  • Ph.D. (Economics), JSC Financial Academy, Republic of Kazakhstan, Astana

Abstract


Objectives: Efficient management of organic waste is necessary in order to avoid negative impacts on the environment and a high potential for conversion into biofuel. The aim of this study is to conduct a preliminary analysis of the organic waste used for the production of biofuels. Methods/Statistical analysis: This study examines the relevant literature on biofuels and biofuel analysis from the perspective of small and medium business in Kazakhstan context with related biofuels stakeholders and social capital theories. According to our assumptions, the main obstacle on the way biofuels is the personal characteristics of solid property owners, their financial constraints, as well as technical support questions. Findings: The practice of corporate social responsibility is a recognized tool for achieving sustainability. The main factors of biofuels are customer satisfaction, loyalty and highly motivated employees, the best reputation, the best network of business partners and authorities, as well as an increase in sales due to competitive advantage. Application/Improvements: This study contributes to the motivation of the green economy in the Republic of Kazakhstan. After some investigation, we can determine how biofuel entrepreneurs understand the essence, so you can find interested parties for further partnerships.

Keywords

biofuel resources, agricultural, energy, estimate, rural consumer.

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