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Report: Global biodiesel market to surpass $41 billion by 2021

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By Ron Kotrba

February 02, 2017

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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 CAGR of 3.8 percent from 2016-'21.

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Policy notes and quotes from the 2017 National Biodiesel Conference & Expo, and my own perspective on what could truly make Trump a biodiesel believer

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U.S. consumers saw a record of almost 2.9 billion gallons of biodiesel and renewable diesel in 2016, outpacing the previous record by 38 percent. Domestic production surpassed 1.8 billion gallons while imports surged to more than 1 billion gallons.

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At the 2017 National Biodiesel Conference & Expo in San Diego this month, experts presented the latest information and data on efforts to grow biodiesel's presence in the market through further improving its technical standing.

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From the Winter 2017 print edition of Biodiesel Magazine, Gene Gebolys, the founder and president of World Energy, takes us on his and World Energy's fantastic journey through the ups and downs of biodiesel over the past 20 years.

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Hero BX's new program offers heating oil retailers the opportunity to carry the Hero BX brand and supporting technical and marketing benefits in exchange for Bioheat supply contracts. Hero BX has biodiesel plants in Pennsylvania and Alabama.

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German biodiesel exports in Jan.-Oct. 2016 slightly exceeded those of the same period in 2015. The significant drop in demand from the majority of European trading partners was offset by an increase in shipments to Poland and the Netherlands.

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EIA has released a December edition of its Short-Term Energy Outlook. EIA says U.S. biodiesel production in 2015 was 1.26 billion gallons with net imports at 475 MMgy. In 2017, production is forecast at 1.6 billion with net imports of 782 MMgy.

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Frost & Sullivan recognizes Biogreen Diesel with the 2016 South Africa Company of the Year Award. Biogreen has earned a reputation for delivering high-quality biodiesels that are sourced ethically and manufactured using the industry-best standards.

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The Biodiesel Handling and Use Guide is a comprehensive document designed to educate those who blend, distribute and use biodiesel and biodiesel blends. It provides basic information on the proper and safe use of biodiesel in engines and boilers.

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Natural Chem Group has acquired a bankrupt ethanol plant in Portales, New Mexico, where it is developing a terminal to blend 1 million gallons of biodiesel a month for regional fleets. NCG plans to build a 90 MMgy biodiesel plant 20 miles north.

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Peru announced Oct. 26 its imposition of antidumping duties on Argentine biodiesel, citing important domestic industry damage from cheap imported product. The duties range from roughly 41 to 64 cents per gallon, depending on the exporting company.

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Last year the U.S. imported about 670 million gallons of biodiesel and renewable diesel, a record that is soon to be broken, according to Larry Schafer, co-founder of legislative advocacy group Playmaker Strategies LLC and senior advisor to the NBB

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U.S. EPA and the Department of Justice allege that San Francisco-based Chemoil Corp. exported at least 48.5 million gallons of biodiesel from 2011 to 2013, but failed to retire the more than 72 million RINs that were generated for the exported fuel.

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The General Court of the European Union has annulled antidumping measures imposed three years ago on Argentine and Indonesian biodiesel imports. The court made its ruling Sept. 15 in five separate judgements addressing cases brought by six companies.

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Argent Energy, one of the U.K.'s leading suppliers of sustainable biodiesel, has won two awards at the Low Carbon Vehicle Partnership's Low Carbon Champions Awards 2016: the Low Carbon Fuel Initiative of the Year Award and the Grand Prix Award.

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Renewable Energy Group Inc. announced Sept. 13 it sold more than 50 million gallons of biomass-based diesel last month, a first in the company's history. REG has 12 active biorefineries across the U.S. and an expansive distribution network.

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German exports are down by about a fifth in the first half of 2016 compared to the same time period last year, while imports reached 390,000 tons (117.1 million gallons), a 46 percent jump over to the first half of 2015, according to Germany's UFOP.

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The new Estercheck instrument by U.K.-based Stanhope-Seta Ltd. uses micro mid-range infrared built into a handheld measurement platform. With a three-step test procedure, results are gained in less than 60 seconds with accuracy down to 0.2 percent.

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On June 29, the Ardmore Seahawk delivered its second load of Argentine biodiesel to Jacksonville, Florida. The shipment of1.47 million gallons capped off an unusually active June in what is shaping up to be an unusually active year for imports.

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Pacific Biodiesel rolled back the retail price of its Maui pump station biodiesel July 1 by 9 cents per gallon, the amount of the on-road biodiesel fuel tax exempted by Maui County in its fiscal year 2017 budget, which also took effect July 1.

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Pacific Biodiesel rolled back the retail price of its Maui pump station biodiesel July 1 by 9 cents per gallon, the amount of the on-road biodiesel fuel tax exempted by Maui County in its fiscal year 2017 budget, which also took effect July 1.

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An overview of last week's National Advanced Biofuels Conference in Milwaukee, a special thanks to five individuals who helped make the show spectacular, and a reminder about a free Biodiesel Magazine webinar Thursday, June 30, at 2pm C

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In Iowa, at Renewable Energy Group Inc.'s Newton biodiesel plant, Gov. Terry Branstad signed legislation into law May 24 extending and expanding state biodiesel incentives. SF 2309 extends a 2 cpg biodiesel production tax credit through 2024.

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Genscape Vesseltracker identified a shipment of 1.3 million gallons of biodiesel from Australia arriving to the Houston area April 27. The event is newsworthy since U.S. EIA data show no U.S. imports of biodiesel from Australia since January 2013.

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REG Danville purchased a nearby tank complex for $1.5 million. The tanks are being connected to its existing infrastructure and will increase storage capacacity for feedstock by nearly 1 million gallons and biodiesel by up to 12 million gallons.

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The Iowa legislature voted 94-0 in the House of Representatives and 49-0 in the Iowa Senate to secure another year of funding for the state's very successful biodiesel and ethanol blender pump program, the Renewable Fuels Infrastructure Program.

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An analysis of a recent Iowa Department of Revenue report shows the average biodiesel blend purchased in Iowa reached 11 percent in 2015, an increase from the 9.4 percent average blend in 2014 and a new all-time record.

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A summary of EIA's biomass-based diesel production and import data for January and EPA's EMTS data on D4 RIN generation for January and February

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A World Trade Organization panel published its report March 29 in the case brought by Argentina regarding the EU antidumping measures on Argentinian biodiesel imports. The EBB regards the panel decision as a first episode in the legal battle.

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