Top Companies in Biodiesel Market | Industry Leading Players Impact Analysis by Vantage Market Research
Biodiesel is a renewable, clean-burning diesel substitute that can be used in existing diesel engines without requiring any modifications. It is composed of a growing variety of recycled cooking oil, agricultural feedstock, and animal fats.
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Market Overview:
The Global Biodiesel Market is valued at USD 38.7 Billion in the year 2021 and is projected to reach a value of USD 48.1 Billion by the year 2028. The Global Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 3.7% over the forecast period. Biodiesel is a sustainable replacement for fossil diesel made from vegetable oils or animal fats after being converted into a variety of fatty acid methyl or ethyl esters (esterification). It considerably reduces carbon emissions and makes environmental sustainability an economic proposition. Biodiesel satisfies the Renewable Fuel Standard's biomass-based diesel and total advanced biofuel requirements. Biodiesel is not the same as renewable diesel, sometimes known as "green diesel." Biodiesel is a liquid fuel that is sometimes referred to as B100 or "neat" Biodiesel. Biodiesel, like petroleum diesel, is used to power compression-ignition engines. The performance of Biodiesel in cold weather is determined by the Biodiesel blend, feedstock, and petroleum diesel characteristics. In general, Biodiesel blends with lower Biodiesel percentages operate better in cold conditions. The Biodiesel market is being driven by rising demand for environmentally acceptable fuels that decrease greenhouse gas emissions and assure complete combustion. The government's support for Biodiesel production through subsidies and mandates indicates that the market will continue to grow.
List of Top Market Players:
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Company Name |
Revenue in USD |
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$2 Billion |
|
$85 Billion |
|
$5 Billion |
|
$57 Billion |
|
$17 Billion |
|
$134 Billion |
|
$55 Billion |
|
$33 Billion |
|
$4 Billion |
|
$412 Million |
Renewable Energy Group is headquartered in Ames, Iowa, and was established in 2006. Renewable Energy Group, Inc. (Nasdaq: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is an international producer of cleaner fuels and North America’s largest producer of Biodiesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes an integrated procurement, distribution, and logistics network to operate 11 biorefineries in the U.S. and Europe. In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Archer Daniels Midland Company was founded in 1902 and is headquartered in Illinois, United States. ADM, unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, the company gives customers an edge in solving the nutritional challenges of today and tomorrow. The company is a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. The company operates more than 270 plants and 420 crop procurement facilities worldwide, where cereal grains and oilseeds are processed into products used in food, beverage, nutraceutical, industrial, and animal feed markets worldwide. From the seed of the idea to the outcome of the solution, the company enriches the quality of life the world over.
Bangchak Corporation Public Company Limited (BCP), previously known as Bangchak Petroleum, is a petroleum and energy conglomerate in Thailand. It was founded as a state-owned company in 1984 and is now listed on the Stock Exchange of Thailand. Bangchak Corporation PCL is committed to being a Thai energy company that conducts business in parallel with stewardship of the environment and society while striving for balance between value and worth and engaging in improving Thais’ quality of life. The complex refinery of Bangchak operates with a nameplate capacity of 120,000 barrels per day (120 KBD). The majority of the outputs are gasoline and diesel. The quality of its gasohol and diesel products meets the public sector’s Euro 4 standard. The Marketing Business Group sells fuels and lubricants to consumers through Bangchak’s network of 1,201 service stations nationwide, made up of 589 standard and 612 community service stations, as of December 2019. Recognizing the significance of renewable energy in reducing trade deficits arising from imported fuels, thus enhancing national energy security, supporting farmers, and conserving the environment, Bangchak advocates the blending of ethanol with gasoline, and Biodiesel with diesel, to form assorted grades of gasohol and Biodiesel. Bangchak invests in bio-based products through its shareholding in BBGI Public Company Limited (BBGI).
Wilmar International Limited was founded in 1991 and headquartered in Singapore, Asia’s leading agribusiness group. The company is one of the largest companies by market capitalization listed on the Singapore Exchange. The company’s business activities include oil palm cultivation, oilseed crushing, edible oils refining, sugar milling, and refining, manufacturing of consumer products, specialty fats, oleochemicals, biodiesel, and fertilizers as well as flour and rice milling. Supported by a multinational staff force of about 100,000 people, the company operations span over 500 manufacturing plants globally and are supported by an extensive distribution network covering China, India, Indonesia, and some 50 other countries and regions.
Neste (NESTE, Nasdaq Helsinki) creates solutions for combating climate change and accelerating a shift to a circular economy. The company refines waste, residues, and innovative raw materials into renewable fuels and sustainable feedstock for plastics and other materials. The company is the world’s leading producer of sustainable aviation fuel and renewable diesel and developing chemical recycling to combat the plastic waste challenge. The company aims at helping customers to reduce their greenhouse gas emissions with their renewable and circular solutions by at least 20 million tons annually by 2030. The company’s ambition is to make the Porvoo oil refinery in Finland the most sustainable refinery in Europe by 2030. The company is introducing renewable and recycled raw materials such as liquefied waste plastic as refinery raw materials. The company is committed to reaching carbon-neutral production by 2035 and will reduce the carbon emission intensity of sold products by 50% by 2040. The company also has set high standards for biodiversity, human rights, and supply chain. The company has consistently been included in the Dow Jones Sustainability Indices and the Global 100 list of the world’s most sustainable companies. In 2021, Neste's revenue stood at EUR 15.1 billion.
Cargill, Inc. is a privately held American global food corporation based in Minnetonka, Minnesota, and incorporated in Wilmington, Delaware. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. Cargill’s 155,000 employees across 70 countries work relentlessly to achieve the purpose of nourishing the world in a safe, responsible and sustainable way. Every day, the company connects farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. The company combines 156 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, the company is building a stronger, sustainable future for agriculture.
Bunge (NYSE: BG) is a world leader in sourcing, processing, and supplying oilseed and grain products and ingredients. Founded in 1818, Bunge’s expansive network feeds and fuels a growing world, creating sustainable products and opportunities for more than 70,000 farmers and the consumers they serve across the globe. The company is headquartered in St. Louis, Missouri, and has 24,000 employees worldwide who stand behind more than 350 port terminals, oilseed processing plants, grain facilities, and food and ingredient production and packaging facilities around the world.
Louis Dreyfus Company is a leading merchant and processor of agricultural goods, founded in 1851. The company leverages its global reach and extensive asset network to serve its customers and consumers around the world, delivering the right products to the right location, at the right time – safely, reliably, and responsibly. The company's activities span the entire value chain, from farm to fork, across a broad range of business lines (platforms) including Grains & Oilseeds, Coffee, Cotton, Juice, Rice, Sugar, Freight, Carbon Solutions, and Global Markets. The company helps feed and clothe some 500 million people every year by originating, processing, and transporting approximately 80 million tons of products. Structured as a matrix organization of six geographical regions and nine platforms, Louis Dreyfus Company is active in over 100 countries and employs approximately 17,000 people globally.
AGP is a leading agribusiness and a major U.S. soybean processor/refiner. AGP produces and markets soybean meal, refined soybean oil, Biodiesel, and related co-products. AGP also trades agricultural products in domestic and international markets and operates numerous U.S. grain elevators. AGP is owned by local and regional cooperatives representing farmer-producers across the United States. Corporate headquarters are located in Omaha, Nebraska.
Emami Agrotech Limited is the edible oil and bio-diesel arm of Emami Group of Companies business conglomerate, headquartered in Kolkata. Emami Agrotech Limited (EAL) is a leading Manufacturer of Biodiesel (B-100) in India and supplies Biodiesel to various Applications and Industry Sectors across the country. EAL has its state-of-the-art Biodiesel Plant in Haldia, West Bengal with a Production Capacity of 350 tons of Biodiesel (B-100) per day. It has a state-of-the-art NABL accredited Laboratory at Haldia and the Biodiesel Plant has ISO 9001-2008, ISO 14001, OHSAS 18001 & ISCC (International Sustainability & Carbon Certification) Certifications. Biodiesel produced by EAL conforms to Indian and European Quality Standards IS 15607-2016 and EN 14214 respectively. EAL is one of the major Suppliers of Biodiesel (B-100) to the Oil Marketing Companies (IOCL, HPCL, BPCL) in India who further blend and sell B7 through their Retail Outlets. EAL is the lead Supplier of Biodiesel (B-100) to Indian Railways for their use of B5 in Diesel Locomotives.
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