Patented Technology Innovation Portfolio in Producing Biofuel Using the Theory of Inventive Problem Solving (TRIZ) Methodology

Abstract

AbstractEthanol is produced from biomass through pyrolysis, a technology creating business prospects for biofuels. The power may be utilized in turbines, engines, boilers, manufacturing, and energy production. Two of the numerous benefits of pyrolysis technology are low operational costs and simple liquid fuel storage and transportation. The theory of inventive problem solving (TRIZ) approach of systematic innovation is compatible with patent database analysis to produce innovations used for this study. The development of biofuel pyrolysis technology can benefit from the systematic innovation provided by the TRIZ framework. Patent portfolio analysis can profit from TRIZ's unique perspective due to its utilization of three essential indicators. The first metric examines the evolution of patented technology over the previous two decades and offers recommendations for advancing the sector. Patent‐protected scientific research and technology applications give essential insight into and foresight of future technological breakthroughs in various industries.