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Biofuels: Global Markets

  • ID: 5009011
  • Report
  • March 2020
  • Region: Global
  • 184 Pages
  • BCC Research
1 of 5

FEATURED COMPANIES

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Report Scope:

This report presents a general overview of biofuel types, manufacturing methods, feedstock options, typical plant costs, and operating margins, followed by an analysis of major geographical markets: North America, Europe, South America, Asia-Pacific, and Africa and the Middle East. Each regional evaluation includes estimates of market size for sales of ethanol, biodiesel, and other fuel types, and a forecast for growth to 2024. Projections are expressed in constant (2019) U.S. dollars. The report concludes with a discussion of industry structure and brief company profiles of the various players in the area.

Report Includes:

  • 112 tables
  • An overview of the global markets for liquid biofuels within the industry
  • Analyses of global market trends, with data corresponding to market size from 2018 and 2019, and projections of compound annual growth rates (CAGRs) through 2024
  • A look at the regulatory framework regarding the use of biofuels, incentives for fuel production, and the number and capacity of manufacturing plants
  • Analysis of significant patent data and their allotments in each category underlying discoveries in the biofuels market
  • Information on the market opportunities and market outlook for major listed companies and strategies that may lead to a better understanding of the market from a practical perspective
  • Market share analysis of key market participants and assessment of their competitive landscape
  • Profile description of market-leading corporations, including Acciona Energy, Beta Renewables, Cargill, Evonik Industries, GreenShift Corp., Novozymes, Synthetic Genomics Inc., and Virent Energy Systems
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abdiesel
  • Bluefire Renewables
  • Desmet Ballestra
  • Granbio
  • JFE Holdings
  • Preem Ab
  • MORE

Chapter 1 Introduction

  • Study Goals and Objectives
  • Reasons for Doing This Study
  • Scope of Report
  • Information Sources
  • Methodology
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Reports

Chapter 2 Summary and Highlights

Chapter 3 Overview

  • Conversion Routes for Biofuels Production
  • Biofuel Evolution
  • First-Generation Biofuels
  • Second-Generation Biofuels
  • Third-Generation Biofuels
  • Fourth-Generation Biofuels
  • Feedstocks
  • Yield
  • Net Energy Yield
  • Cost of Production

Chapter 4 Ethanol

  • Corn Ethanol
  • Corn Ethanol Manufacturing
  • Cellulosic Ethanol
  • Ethanol Blending
  • Coproducts of Ethanol Production
  • Ethanol Plant Costs

Chapter 5 Biodiesel

  • Biodiesel Manufacturing
  • Transesterification
  • Post-Reaction Processes
  • Biodiesel Blending
  • Coproducts of Biodiesel Manufacturing
  • Biodiesel Plant Costs

Chapter 6 Other Biofuels

  • Straight Vegetable Oil/Pure Vegetable Oil
  • Wood Diesel
  • Biobutanol
  • Biobutanol Manufacturing
  • Hydrotreated Vegetable Oil
  • Hydrothermal Upgrading Diesel
  • Fischer-Tropsch Biofuels
  • Fischer-Tropsch Manufacturing
  • Algal Fuel (Oilgae)
  • Biomethanol
  • Dimethylfuran
  • Bio-DME
  • Green Gasoline
  • Designer Hydrocarbons

Chapter 7 North American Biofuel Market

  • Biofuel Production
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • United States
  • Legal Framework
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • Canada
  • Legal Framework
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • Mexico
  • Legal Framework
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • North American Biofuel Market Projections
  • Overall Market
  • Market by Country

Chapter 8 European Biofuel Market

  • Legislative Framework
  • Ethanol
  • Production by Country
  • Production by Feedstock
  • Consumption
  • Biodiesel
  • Production by Feedstock
  • Consumption
  • Germany
  • Legislative Framework
  • Biodiesel
  • Ethanol
  • Advanced Biofuels
  • France
  • Legal Framework
  • Biodiesel
  • Ethanol
  • Advanced Biofuels
  • Italy
  • Legal Framework
  • Biodiesel
  • Ethanol
  • Advanced Biofuels
  • Portugal
  • Legislative Framework
  • Biodiesel
  • Advanced Biofuels
  • Spain
  • Legal Framework
  • Biodiesel
  • Ethanol
  • Poland
  • Legal Framework
  • Biodiesel
  • Ethanol
  • Belgium
  • Legislative Framework
  • Biodiesel
  • Ethanol
  • The Netherlands
  • Legislative Framework
  • Biodiesel
  • Ethanol
  • Advanced Biofuels
  • Hungary
  • Legal Framework
  • Ethanol
  • Sweden
  • Legislative Framework
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • United Kingdom
  • Legal Framework
  • Biodiesel
  • Ethanol
  • Biobutanol
  • EU Biofuel Market Projections
  • Overall Market
  • Market by Country

Chapter 9 South American Biofuel Market

  • Biofuel Production
  • Biodiesel Production
  • Brazil
  • Legal Framework
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • Colombia
  • Legislative Framework
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • Argentina
  • Legal Framework
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • Uruguay
  • Legal Framework
  • Ethanol
  • Biodiesel
  • Chile
  • Legislative Framework
  • Ethanol
  • Advanced Biofuels
  • Ecuador
  • Legislative Framework
  • Ethanol
  • Paraguay
  • Legal Framework
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • Peru
  • Legal Framework
  • Ethanol
  • Biodiesel
  • South American Biofuel Market Projections
  • Overall Market
  • Market by Country

Chapter 10 Asia-Pacific Biofuel Market

  • Biofuel Production
  • China
  • Legal Framework
  • Biodiesel
  • Ethanol
  • Advanced Biofuels
  • India
  • Legal Framework
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • Thailand
  • Legislative Framework
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • Vietnam
  • Legislative framework
  • Biodiesel
  • Ethanol
  • Malaysia
  • Legislative Framework
  • Biodiesel
  • Advanced Biofuels
  • Indonesia
  • Legislative Framework
  • Biodiesel
  • Ethanol
  • Philippines
  • Legislative Framework
  • Biodiesel
  • Ethanol
  • Japan
  • Legislative Framework
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • South Korea
  • Biodiesel
  • Australia
  • Legal Framework
  • Ethanol
  • Biodiesel
  • Advanced Biofuels
  • New Zealand
  • Legal Framework
  • Ethanol
  • Biodiesel
  • Asia-Pacific Biofuel Market Projections
  • Overall Market
  • Market by Country

Chapter 11 Middle East and Africa Biofuel Market

  • Biofuels Production
  • Market by Country
  • Volume
  • Value

Chapter 12 Industry Structure

  • Company Profiles
  • Abdiesel
  • Acciona Energy
  • Algae Floating Systems Inc.
  • Algaewheel
  • Algenol Biofuels
  • Alensys (Alternative Energiesysteme) Ag
  • Anchor Ethanol Ltd.
  • Archer Daniels Midland Co.
  • Argent Energy Ltd.
  • Beta Renewables
  • Biodico
  • Biodiesel International Ag (Bdi)
  • Bioenergy International
  • Biopetrol Industries Ag
  • Bluefire Renewables
  • Caramuru Group
  • Cargill Inc.
  • Cavitation Technologies Inc.
  • Cellana
  • Cerradinho
  • Chemrec Ab
  • China Clean Energy Inc.
  • China Resources Alcohol Corp.
  • Choren Industries
  • Codexis Inc.
  • Cosan Group
  • Dedini S.A. Industrias De Base
  • Desmet Ballestra
  • Diversified Energy Corp.
  • Dyadic International
  • Enerkem
  • Estener
  • Evonik Industries
  • Fagen Inc.
  • Flottweg
  • GEA Group
  • Granbio
  • Grace Davison
  • Green Fuel Extramadura
  • Greenenergy International Ltd.
  • Greenline Futura
  • Greenshift Corp.
  • Haldor Topsoe
  • Henan Tianguan Fuel Ethanol Co.
  • Hielscher Ultrasonics Gmbh
  • Inbicon
  • Ineos Enterprises Ltd.
  • Isolux Corsan
  • Inventure Renewables Inc.
  • Iogen Corp.
  • JFE Holdings
  • Jilin Fuel Ethanol Co.
  • Katzen International Inc.
  • Mascoma Corp.
  • Neste Oil Oyj
  • Novozymes
  • One Water Inc.
  • Permolex International
  • Poet Biorefining
  • Praj Industries Ltd.
  • Preem Ab
  • Primafuel
  • Qteros
  • Raizen
  • Sekab
  • Shaval Biodiesel
  • SNC Lavalin
  • Synthetic Genomics
  • Velocys Inc.
  • Verbio Vereinigte Bioenergie Ag
  • Virent Energy Systems
  • Vogelbusch Gmbh

List of Tables
Summary Table: Global Market for Liquid Biofuels, by Biofuel Type, Through 2024
Table 1: Energy Content of Commercial Fuels
Table 2: Relative Yield of Current and Proposed Biofuel Feedstocks
Table 3: Relative Yield of Current and Proposed Cellulosic Ethanol Feedstocks
Table 4: Net Energy Yield of Current and Proposed Biofuel Feedstock
Table 5: Relative Costs of Biofuels from Various Feedstocks, 2014
Table 6: Feedstocks for Ethanol Production
Table 7: Corn Ethanol Feedstock Requirements, by Plant Size
Table 8: Estimated Capital and Operating Costs, by Ethanol Plant Size
Table 9: Feedstocks for Biodiesel Production
Table 10: Biodiesel Production Costs
Table 11: Promising Algae for Biodiesel Manufacture
Table 12: Ethanol Production in North America, by Country, Through 2018
Table 13: Biodiesel Production in North America, by Country, Through 2018
Table 14: EISA-Mandated Minimum Use Requirements for Renewable Fuels, 2006-2022
Table 15: Ethanol Fuel Production and Consumption in the United States, Through 2018
Table 16: Biodiesel Production and Consumption in the United States, Through 2018
Table 17: Cellulosic Biofuel Production in the United States, Through 2018
Table 18: Provincial Blend Mandates, 2019
Table 19: Ethanol Fuel Production and Consumption in Canada, Through 2018
Table 20: Biodiesel Production and Consumption in Canada, Through 2018
Table 21: Ethanol Fuel Production and Consumption in Mexico, Through 2018
Table 22: Liquid Biofuel Consumption in North America, Through 2024
Table 23: Biofuel Consumption Market Value in North America, Through 2024
Table 24: Ethanol Consumption in North America, by Country, Through 2024
Table 25: Ethanol Consumption Market Value in North America, by Country, Through 2024
Table 26: Biodiesel Consumption in North America, by Country, Through 2024
Table 27: Biodiesel Consumption Market Value in North America, by Country, Through 2024
Table 28: Advanced Biofuel Consumption in North America, by Country, Through 2024
Table 29: Advanced Biofuel Consumption Market Value in North America, by Country, Through 2024
Table 30: Ethanol Fuel Production in the EU, by Country, Through 2018
Table 31: Ethanol Production in the EU, by Feedstock Type, 2018
Table 32: Ethanol Consumption in the EU, by Country, 2018
Table 33: Biodiesel Production in the EU, by Country, Through 2018
Table 34: Biodiesel Feedstock Consumption in the EU, by Type, 2018
Table 35: Biodiesel Consumption in the EU, by Country, Through 2018
Table 36: Biodiesel Production and Consumption in Germany, Through 2018
Table 37: Ethanol Fuel Production and Consumption in Germany, Through 2018
Table 38: Biodiesel Production and Consumption in France, Through 2018
Table 39: Ethanol Fuel Production and Consumption in France, Through 2018
Table 40: Biodiesel Production and Consumption in Italy, Through 2018
Table 41: Ethanol Fuel Consumption in Italy, Through 2018
Table 42: Biodiesel Production in Portugal, Through 2018
Table 43: Biodiesel Production and Consumption in Spain, Through 2018
Table 44: Ethanol Fuel Production and Consumption in Spain, Through 2018
Table 45: National Indicative Targets for Transport Use of Biofuels in Poland, Through 2020
Table 46: Biodiesel Production and Consumption in Poland, Through 2018
Table 47: Ethanol Fuel Production and Consumption in Poland, Through 2018
Table 48: Biodiesel Production and Consumption in Belgium, Through 2018
Table 49: Ethanol Fuel Production in Belgium, Through 2018
Table 50: Biodiesel Production in the Netherlands, Through 2018
Table 51: Ethanol Fuel Production and Consumption in the Netherlands, Through 2018
Table 52: Ethanol Fuel Production in Hungary, Through 2018
Table 53: Ethanol Fuel Consumption in Sweden, Through 2018
Table 54: Biodiesel Production and Consumption in Sweden, Through 2018
Table 55: Biodiesel Production and Consumption in the U.K., Through 2018
Table 56: Ethanol Fuel Production and Consumption in the U.K., Through 2018
Table 57: Biofuel Consumption in the EU, Through 2024
Table 58: Biofuel Consumption Market Value in the EU, Through 2024
Table 59: Biodiesel Consumption in the EU, by Country, Through 2024
Table 60: Biodiesel Consumption Market Value in the EU, by Country, Through 2024
Table 61: Ethanol Consumption in the EU, by Country, Through 2024
Table 62: Ethanol Consumption Market Value in the EU, by Country, Through 2024
Table 63: Ethanol Production in South America, by Country, Through 2018
Table 64: Biodiesel Production in South America, by Country, Through 2018
Table 65: Ethanol Fuel Production and Consumption in Brazil, Through 2018
Table 66: Biodiesel Feedstock Consumption in Brazil, by Feedstock Type, 2018
Table 67: Biodiesel Production and Consumption in Brazil, Through 2018
Table 68: Ethanol Fuel Production and Consumption in Colombia, Through 2018
Table 69: Biodiesel Production and Consumption in Colombia, Through 2018
Table 70: Ethanol Fuel Production and Consumption in Argentina, Through 2018
Table 71: Biodiesel Production, Consumption and Trade in Argentina, Through 2018
Table 72: Ethanol Production and Consumption in Uruguay, Through 2018
Table 73: Biodiesel Production and Consumption in Uruguay, Through 2018
Table 74: Ethanol Production and Consumption in Chile, Through 2018
Table 75: Ethanol Production and Consumption in Paraguay, Through 2018
Table 76: Biodiesel Production and Consumption in Paraguay, Through 2018
Table 77: Ethanol Production and Consumption in Peru, Through 2018
Table 78: Biodiesel Production and Consumption in Peru, Through 2018
Table 79: Biofuel Consumption in South America, Through 2024
Table 80: Biofuel Consumption Market Value in South America, Through 2024
Table 81: Ethanol Consumption in South America, by Country, Through 2024
Table 82: Ethanol Consumption Market Value in South America, by Country, Through 2024
Table 83: Biodiesel Consumption in South America, by Country, Through 2024
Table 84: Biodiesel Consumption Market Value in South America, by Country, Through 2024
Table 85: Ethanol Production in Asia-Pacific, by Country, Through 2018
Table 86: Biodiesel Production in Asia-Pacific, by Country, Through 2018
Table 87: Biodiesel Production and Consumption in China, Through 2018
Table 88: Shares of Ethanol Fuel Production Capacity in China, by Feedstock Type, 2018
Table 89: Ethanol Fuel Production and Consumption in China, Through 2018
Table 90: Ethanol Fuel Production and Consumption in India, Through 2018
Table 91: Biodiesel Production and Consumption in India, Through 2018
Table 92: Ethanol Fuel Production and Consumption in Thailand, Through 2018
Table 93: Biodiesel Production and Consumption in Thailand, Through 2018
Table 94: Ethanol Fuel Production and Consumption in Vietnam, Through 2018
Table 95: Biodiesel Production and Consumption in Malaysia, Through 2018
Table 96: Biodiesel Production and Consumption in Indonesia, Through 2018
Table 97: Biodiesel Production and Consumption in the Philippines, Through 2018
Table 98: Ethanol Fuel Production and Consumption in the Philippines, Through 2018
Table 99: Ethanol Production and Consumption in Japan, Through 2018
Table 100: Biodiesel Production and Consumption in South Korea, Through 2018
Table 101: Ethanol Production and Consumption in Australia, Through 2018
Table 102: Biodiesel Production and Consumption in Australia, Through 2018
Table 103: Biofuel Consumption in Asia-Pacific, Through 2024
Table 104: Biofuel Consumption Market Value in Asia-Pacific, Through 2024
Table 105: Ethanol Consumption in Asia-Pacific, by Country, Through 2024
Table 106: Ethanol Consumption Market Value in Asia-Pacific, by Country, Through 2024
Table 107: Biodiesel Consumption in Asia-Pacific, by Country, Through 2024
Table 108: Biodiesel Consumption Market Value in Asia-Pacific, by Country, Through 2024
Table 109: Ethanol Production in the Middle East and Africa, by Country, Through 2018
Table 110: Ethanol Consumption in the Middle East and Africa, by Country, Through 2024
Table 111: Ethanol Consumption Market Value in the Middle East and Africa, by Country, Through 2024

List of Figures
Summary Figure: Global Market for Liquid Biofuels, by Biofuel Type, 2018-2024
Figure 1: Shares of Global Energy Matrix, by Fuel Type/Energy Source
Figure 2: Thermal, Biological and Chemicals Routes to Biofuels
Figure 3: Ethanol Production Facility
Figure 4: Relative Yield of Current and Proposed Biofuel Feedstocks
Figure 5: Relative Yield of Current and Proposed Cellulosic Ethanol Feedstocks
Figure 6: Net Energy Yield of Current and Proposed Biofuel Feedstocks
Figure 7: Relative Costs of Biofuels from Various Feedstocks, 2014
Figure 8: Cellulosic Ethanol Manufacturing Process
Figure 9: Shares of Biodiesel Production Costs, by Segment
Figure 10: Ethanol Production in North America, by Country, 2015-2018
Figure 11: Biodiesel Production in North America, by Country, 2015-2018
Figure 12: Ethanol Fuel Production and Consumption in the United States, 2015-2018
Figure 13: Biodiesel Production and Consumption in the United States, 2015-2018
Figure 14: Cellulosic Biofuel Production in the United States, 2015-2018
Figure 15: Ethanol Fuel Production and Consumption in Canada, 2015-2018
Figure 16: Biodiesel Production and Consumption in Canada, 2015-2018
Figure 17: Ethanol Fuel Production and Consumption in Mexico, 2015-2018
Figure 18: Ethanol Production in the EU, by Country, 2015-2018
Figure 19: Shares of Ethanol Production in the EU, by Feedstock Type, 2018
Figure 20: Ethanol Consumption in the EU, by Country, 2018
Figure 21: Biodiesel Production in the EU, by Country, 2015-2018
Figure 22: Shares of Biodiesel Production in the EU, by Country, 2018
Figure 23: Shares of Biodiesel Feedstock Consumption in the EU, by Type, 2018
Figure 24: Biodiesel Consumption in the EU, by Country, 2015-2018
Figure 25: Biodiesel Production and Consumption in Germany, 2015-2018
Figure 26: Ethanol Fuel Production and Consumption in Germany, 2015-2018
Figure 27: Biodiesel Production and Consumption in France, 2015-2018
Figure 28: Ethanol Fuel Production and Consumption in France, 2015-2018
Figure 29: Biodiesel Production and Consumption in Italy, 2015-2018
Figure 30: Ethanol Fuel Consumption in Italy, 2015-2018
Figure 31: Biodiesel Production and Consumption in Portugal, 2015-2018
Figure 32: Biodiesel Production and Consumption in Spain 2015-2018
Figure 33: Ethanol Fuel Production and Consumption in Spain, 2015-2018
Figure 34: Biodiesel Production and Consumption in Poland, 2015-2018
Figure 35: Ethanol Production and Consumption in Poland, 2015-2018
Figure 36: Biodiesel Production and Consumption in Belgium, 2015-2018
Figure 37: Ethanol Production in Belgium, 2015-2018
Figure 38: Biodiesel Production and Consumption in the Netherlands, 2015-2018
Figure 39: Ethanol Fuel Production and Consumption in the Netherlands, 2015-2018
Figure 40: Ethanol Fuel Production in Hungary, 2015-2018
Figure 41: Ethanol Fuel Consumption in Sweden, 2015-2018
Figure 42: Biodiesel Production and Consumption in Sweden, 2015-2018
Figure 43: Biodiesel Production and Consumption in the U.K., 2015-2018
Figure 44: Ethanol Fuel Production and Consumption in the U.K., 2015-2018
Figure 45: Ethanol Production in South America, by Country, 2015-2018
Figure 46: Biodiesel Production in South America, by Country, 2015-2018
Figure 47: Ethanol Fuel Production and Consumption in Brazil, 2015-2018
Figure 48: Biodiesel Production and Consumption in Brazil, 2015-2018
Figure 49: Ethanol Fuel Production and Consumption in Colombia, 2015-2018
Figure 50: Biodiesel Production and Consumption in Colombia, 2015-2018
Figure 51: Ethanol Fuel Production and Consumption in Argentina, 2015-2018
Figure 52: Biodiesel Production, Consumption and Trade in Argentina, 2015-2018
Figure 53: Ethanol Production and Consumption in Uruguay, 2015-2018
Figure 54: Biodiesel Production and Consumption in Uruguay, 2015-2018
Figure 55: Ethanol Production and Consumption in Chile, 2015-2018
Figure 56: Ethanol Production and Consumption in Paraguay, 2015-2018
Figure 57: Biodiesel Production and Consumption in Paraguay, 2015-2018
Figure 58: Ethanol Production and Consumption in Peru, 2015-2018
Figure 59: Biodiesel Production and Consumption in Peru, 2015-2018
Figure 60: Ethanol Production in Asia-Pacific, by Country, 2015-2018
Figure 61: Biodiesel Production in Asia-Pacific, by Country, 2015-2018
Figure 62: Biodiesel Production and Consumption in China, 2015-2018
Figure 63: Shares of Ethanol Fuel Production in China, by Feedstock Type, 2018
Figure 64: Ethanol Fuel Production and Consumption in China, 2015-2018
Figure 65: Ethanol Fuel Production and Consumption in India, 2015-2018
Figure 66: Biodiesel Production and Consumption in India, 2015-2018
Figure 67: Ethanol Fuel Production and Consumption in Thailand, 2015-2018
Figure 68: Biodiesel Production and Consumption in Thailand, 2015-2018
Figure 69: Ethanol Fuel Production and Consumption in Vietnam, 2015-2018
Figure 70: Biodiesel Production and Consumption in Malaysia, 2015-2018
Figure 71: Biodiesel Production and Consumption in Indonesia, 2015-2018
Figure 72: Biodiesel Production and Consumption in the Philippines, 2015-2018
Figure 73: Ethanol Production, Consumption and Trade in the Philippines, 2015-2018
Figure 74: Ethanol Production and Consumption in Japan, 2015-2018
Figure 75: Biodiesel Production and Consumption in South Korea, 2015-2018
Figure 76: Ethanol Production and Consumption in Australia, 2015-2018
Figure 77: Biodiesel Production and Consumption in Australia, 2015-2018
Figure 78: Ethanol Production in the Middle East and Africa, by Country, 2015-2018

Note: Product cover images may vary from those shown
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4 of 5

FEATURED COMPANIES

  • Abdiesel
  • Bluefire Renewables
  • Desmet Ballestra
  • Granbio
  • JFE Holdings
  • Preem Ab
  • MORE

Biofuel is a solid, liquid, or gaseous fuel derived from recently dead biological material as distinguished from fossil fuels derived from long-dead biological material. Theoretically, biofuels can be produced from any biological carbon source; however, the most common sources are photosynthetic plants. Currently, the most common biofuels are liquid fuels used primarily in transportation applications. In this report, the term biofuels will be used in this context. The greatest market growth will take place in a few EU member states, Asia-Pacific and South America. The Africa and Middle East regions will remain relatively under-developed due to a lack of investment.

There are a number of reasons for the projected relatively gradual increase in biofuels consumption in most major markets. Biofuels consumption is to a large extent policy-driven, i.e., the result of various government mandates and incentives. A number of government policy objectives provide the motivation for these mandates and incentives, including increasing energy security and reducing greenhouse gas (GHG) emissions. Most major biofuel consuming nations already have a policy framework for biofuels in place, so new regulations are unlikely to lead to major increases in biofuels consumption in the near to mid-term.

The next most important market driver for biofuels is the price of oil. The price of benchmark Brent crude oil, which at times has been as high as $145 per barrel, was slightly over $71 in 2018 and is expected to decline still further in the next few years. Feedstock costs are another major influence on the market for biofuels. Feedstocks prices can swing wildly from high to low, disrupting farmers’ planting plans, the cost of manufacturing biofuels, and the profitability of ethanol and biodiesel. For example, U.S. corn production has been at record high levels in recent years, which has kept corn prices generally stable in the $3.40 and $4.00 per bushel range and increased the profitability of U.S. ethanol production. U.S. corn prices increased somewhat in 2019, but it is difficult to draw any conclusions about a long-term trend that might put a damper on ethanol production.

A more serious consequence of increased biofuel demand is the impact on world food and feed prices. The global rise in population, and a greater percentage of food crops used to manufacture biofuels, has been criticized for diverting food away from the human food chain, leading to food shortages and price rises. Land and water use are other challenges. The desire to diversity away from biofuel feedstocks that compete with other human needs, of course, has been the driver behind the development of so-called advanced biofuels such as cellulosic ethanol and algal biodiesel. However, the technological obstacles to commercializing these advanced biofuels have proven greater than some proponents once envisioned.

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5 of 5
  • Abdiesel
  • Acciona Energy
  • Alensys (Alternative Energiesysteme) Ag
  • Algae Floating Systems Inc.
  • Algaewheel
  • Algenol Biofuels
  • Anchor Ethanol Ltd.
  • Archer Daniels Midland Co.
  • Argent Energy Ltd.
  • Beta Renewables
  • Biodico
  • Biodiesel International Ag (BDI)
  • Bioenergy International
  • Biopetrol Industries Ag
  • Bluefire Renewables
  • Caramuru Group
  • Cargill Inc.
  • Cavitation Technologies Inc.
  • Cellana
  • Cerradinho
  • Chemrec Ab
  • China Clean Energy Inc.
  • China Resources Alcohol Corp.
  • Choren Industries
  • Codexis Inc.
  • Cosan Group
  • Dedini S.A. Industrias De Base
  • Desmet Ballestra
  • Diversified Energy Corp.
  • Dyadic International
  • Enerkem
  • Estener
  • Evonik Industries
  • Fagen Inc.
  • Flottweg
  • GEA Group
  • Grace Davison
  • Granbio
  • Green Fuel Extramadura
  • Greenenergy International Ltd.
  • Greenline Futura
  • Greenshift Corp.
  • Haldor Topsoe
  • Henan Tianguan Fuel Ethanol Co.
  • Hielscher Ultrasonics Gmbh
  • Inbicon
  • Ineos Enterprises Ltd.
  • Inventure Renewables Inc.
  • Iogen Corp.
  • Isolux Corsan
  • JFE Holdings
  • Jilin Fuel Ethanol Co.
  • Katzen International Inc.
  • Mascoma Corp.
  • Neste Oil Oyj
  • Novozymes
  • One Water Inc.
  • Permolex International
  • Poet Biorefining
  • Praj Industries Ltd.
  • Preem Ab
  • Primafuel
  • Qteros
  • Raizen
  • Sekab
  • Shaval Biodiesel
  • SNC Lavalin
  • Synthetic Genomics
  • Velocys Inc.
  • Verbio Vereinigte Bioenergie Ag
  • Virent Energy Systems
  • Vogelbusch Gmbh
Note: Product cover images may vary from those shown
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