A risk management strategy for biofuel fired CHP system has been also discussed. Other objective is to assess the uses of glycerol as an innovative biofuel benefiting as a source of energy.Biofuel have expanded in the market quickly as the basis of energy. The rising prices of oil, scarcity of oil and necessity for better security of energy as well as eagerness to reduce the price of oil are the major impact on the development of the biofuel. The reason of using biofuel in the place of fossil fuel is that energy developed from biofuel has been used for transportation in a low carbon emission level. The improvement of biofuel has many problems that can create difficult in the biofuel development project (Anggara, 2009). These problems can be the bad structure of transportation, ordinary disaster and social fights. These issues disrupt the production of biofuel, increased cost and decrease sales among others. Supply chain plays a vital role in the improvement of the biofuel industry. The major role of supply chain is to develop a co-ordination in the network, which is based on different elements. Other roles can be making arrangement for meeting the satisfaction level of the customers along with the sustainability of the overall competency through the supply chain. Most of the biofuel companies belong to small creativities (Anggara, 2009).Therefore, the biofuel companies only have consciousness about risk along with supply chain, but biofuel industry has not framed any risk management framework. Inadequate knowledge related to the framework of risk management in the supply chain can be the cause of unmanageable state for the biofuel industry. Therefore, through adequate knowledge and implementation in the supply chain, the problems of the biofuel industry can be reduced. Accordingly, UoG can be able to accomplish a sustainable biofuel supply chains with the aim of offering CHP energy in Medway. Supply chain is one of the important processes of building biofuel industry. Therefore, the partners of the UoG project should have accurate knowledge about supply chain and how to implement it in building biofuel system (FAPESP, 2013).Energy is one of most important aspects for sustaining as well as developing social, economic, environmental and cultural activity to support national sustainable condition. Medway generally depends on fossils fuel rather than any other
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