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.
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The purchase price for the report begins at $5,650.
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BWC Terminals on April 22 celebrated the official completion of its expanded renewable fuels terminal at the Port of Stockton. The facility is designed to safely and efficiently transfer renewable diesel and biodiesel from marine vessels.
Repsol and Bunge on April 25 announced plans to incorporate the use of camelina and safflower feedstocks in the production of renewable fuels, including renewable diesel and sustainable aviation fuel (SAF).
Renewable Fuels Month highlights the importance of renewable biofuels, such as ethanol and biodiesel. The month of May marks the beginning of the summer driving season, making it an ideal time to fuel up on clean and cost-saving biofuels.
PBF Energy on May 1 announced that its St. Bernard Renewables facility produced approximately 10,000 barrels per day of renewable diesel during Q1, down from 17,000 barrels per day during the Q4 2024.
Germany-based Mabanaft on April 17 announced it started to supply SAF to airlines at Frankfurt Airport in January. The company said it will deliver more than 1,000 metric tons of SAF to the airport this year under the European SAF mandate.