Biodiesel is an option fuel like traditional or ‘fossil’ diesel. It can be made from straight vegetable oil, animal oil/fat, tallow, and waste cooking oil. The method used to transform these oils into biodiesel is known as transesterification. Biodiesel has many environmentally valuable properties. The essential benefit of biodiesel is that it may be described as ‘carbon neutral.’ Biodiesel is quickly biodegradable and non-toxic, meaning spillages constitute much less threat than fossil diesel spillages. Biodiesel has a better flash factor than fossil diesel and is more secure in crashes. The International Energy Agency states that biofuel demand will expand 38 billion liters over 2023-2028, a nearly 30% growth from the last five-year period. Total biofuel demand will rise 23% to 200 billion liters by 2028. Renewable diesel and ethanol account for two-thirds of this growth, and biodiesel and bio-jet fuel comprise the rest.
Europe Biodiesel Market Trends
- Depletion in fossil fuel reserves advances the Europe biodiesel market
- Increase in need for eco-friendly fuels adds to the growth in the Europe biodiesel market
- Supportive government initiatives drive the Europe biodiesel industry
Germany biodiesel market
Germany could have a substantial share in the European biodiesel market. This is because of its high biodiesel intake. Biofuels International said that 2022 Germany consumed 2.516 million tonnes of biodiesel. The preliminary facts for 2022, published by the Federal Office for Economic Affairs and Export Control (BAFA), confirmed an incorporation rate of 7.2% for biodiesel.Government projects and policies drive the growth of the German biodiesel enterprise. The country has implemented the Renewables Energy Act. It seeks to help ensure that electricity supply and consumption become carbon-neutral by 2050. The Federal Government has efficiently argued on the European level to ensure that automobiles running solely on e-fuels can continue registering in the European Union after 2035.
Europe Biodiesel Company Analysis
Europe Biodiesel Company News
The Europe biodiesel market comprises Archer Daniels Midland Company, Future Fuel, Neste’s, Renewable Energy Group, Inc., Bunge Global SA, Wilmar, and Shell.In March 2024 - Trafigura agreed with Greenergy, a UK-based fuel supplier and biodiesel producer, to acquire Greenergy's European business from Brookfield Asset Management and Brookfield Business Partners.
In February 2024 - Cepsa and Bio-Oils are constructing the biggest second-generation biofuels factory in southern Europe. The facility will produce 500,000 tonnes of sustainable aviation fuel and renewable diesel annually, doubling the joint venture's current production capacity.
In March 2023 - Cargill is gearing up to launch a Biodiesel Plant in Belgium.
In March 2022 - Repsol is building Spain's first advanced biofuels plant at its Cartagena refinery. It will produce 250,000 tons/year of advanced biofuels such as biodiesel, bio jet, naphtha, and propane, reducing CO2 emissions by 900,000 tons/year. The total investment is €200 million.
In February 2022 - Chevron Corporation announced its acquisition of Renewable Energy Group, Inc. in an all-cash dealing priced at $3.15 billion.
Application - Market breakup in 3 viewpoints:
1. Fuel2. Power Generation
3. Others
Feedstock - Market breakup in 2 viewpoints:
1. Vegetable Oil2. Animal Fats
Countries - Market breakup in 9 viewpoints:
1. France2. Germany
3. Italy
4. Spain
5. United Kingdom
6. Belgium
7. Netherlands
8. Turkey
9. Rest of Europe
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Archer Daniels Midland Company2. Future Fuel
3. Neste’s
4. Renewable Energy Group, Inc.
5. Bunge Global SA
6. Wilmar
7. Shell
Table of Contents
Companies Mentioned
- Archer Daniels Midland Company
- Future Fuel
- Neste’s
- Renewable Energy Group, Inc.
- Bunge Global SA
- Wilmar
- Shell
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | May 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 10.84 Billion |
| Forecasted Market Value ( USD | $ 17.72 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 7 |
