Report: Global biodiesel market to surpass $41 billion by 2021
February 2, 2017
BY Ron Kotrba
Dublin, Ireland-based Research and Markets is offering a new 168-page report, “Biodiesel Market—Global Forecast to 2021,” in which the analysts find that the global biodiesel market is projected to surpass $41 billion by 2021 at a compound annual growth rate (CAGR) of 3.8 percent from 2016-’21.
“Rising use of biodiesel in the fuel and power generation application segments have led to an increased demand for biodiesel, globally,” states the report summary. “Europe is estimated to be the largest market for biodiesel, followed by North America. Germany is expected to account for the largest share in Europe [until] 2021 [while] Italy is expected to be the fastest-growing market for biodiesel during the forecast period.”
The report notes that companies are investing in expansions of production capacities to increase market share and supply increasing demand for biodiesel. Companies mentioned in the report include Archer Daniels Midland Co., Biox Corp., Bunge Ltd., Cargill Inc., Louis Dreyfus Co., Münzer Bioindustrie GmbH, Neste Corp., Renewable Energy Group Inc., Terravia Holdings Inc. and Wilmar International Ltd.
Advertisement
The purchase price for the report begins at $5,650.
Advertisement
Related Stories
Desmet has been awarded a new contract by LG-ENI Biorefining, a joint venture between LG Chem and ENI Italy, to will deliver a HVO pretreatment plant in Daesan, South Korea. The biorefinery will produce SAF, renewable diesel and naphtha.
In a rapidly evolving energy landscape, the 41st International Fuel Ethanol Workshop & Expo will return June 9–11 to the CHI Health Center in Omaha, Nebraska. The event is recognized as the largest and longest-running ethanol conference in the world.
The U.S. EPA on April 11 reported that 1.82 billion RINs were generated under the RFS in March, down from 1.93 billion generated during the same month of 2024. Approximately 5.34 billion RINs were generated during the first quarter of 2025.
The U.S. EPA on April 17 published updated SRE data showing that five new SRE petitions have been filed under the RFS during the past month. According to the agency, 161 SRE petitions are currently pending,
The Iowa Biodiesel Board and Iowa Soybean Association on April 11 issued a statement expressing deep appreciation to Gov. Kim Reynolds for her biofuels advocacy. Reynolds on April 11 announced that she will not seek another term.
Upcoming Events
