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Analysis of the Prospects for the Development of Alternative Energy Carriers as Motor Fuels

Student: Ayrapetyan Samvel

Supervisor: Vladimir L. Likhachev

Faculty: Graduate School of Business

Educational Programme: Management (Bachelor)

Year of Graduation: 2020

Over the past 150 years, humanity has invented a large number of energy carriers from non-renewable and renewable energy sources for engines. Today, hydrocarbon motor fuels predominate, but the trend towards environmentally friendly and efficient use of kinetic energy sources forces large energy companies to consider market changes in the long term. This paper analyzes possible ways to develop non-traditional motor fuels, as well as scenarios for the response of energy companies to these changes. The purpose of the paper is to determine the prospects for the development of alternative fuels and develop recommendations for changing the strategy of large companies in the market. Although the energy market is a determining factor in the development of many countries and is analyzed by a large number of researchers, this topic has not yet received proper attention. To conduct a full-fledged research, this work will use primary and secondary data collection, quantitative analysis of statistics, methods of analogy, as well as analysis of business models of energy companies. The results of the proposed project will be useful for determining the impact of the development of alternative energy sources on consumers and producers in the energy industry and will provide a theoretical basis for further research, as well as help traditional energy companies adapt their offer to the changing market. This paper will consist of a theoretical part that includes definitions of terms, types of fuels and their classification, an overview part that looks at the existing fuel market in the context of several countries and times and several major players in it, as well as an analytical part that is relevant to considering the prospects for fuel development and recommendations to major energy companies on changes in this market.

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