Biofuels: Global Markets
Report Scope:
This BCC Research report presents an 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, Africa, and the Middle East. Each regional evaluation includes market size estimates for ethanol, biodiesel, and other fuel types sales and a forecast for growth to 2028. The report also presents the technical and commercial developments in advanced biofuels and emerging technologies in the biofuel sector. The report concludes with a competitive landscape of the global biofuel market. The report will also discuss emerging technologies in the biofuel sector and conclude with company profiles of the various players in the area.
Report Includes:
This BCC Research report presents an 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, Africa, and the Middle East. Each regional evaluation includes market size estimates for ethanol, biodiesel, and other fuel types sales and a forecast for growth to 2028. The report also presents the technical and commercial developments in advanced biofuels and emerging technologies in the biofuel sector. The report concludes with a competitive landscape of the global biofuel market. The report will also discuss emerging technologies in the biofuel sector and conclude with company profiles of the various players in the area.
Report Includes:
- 18 data tables and 27 additional tables
- An overview of the global markets for liquid biofuels
- An estimate of market size and analyses of global market trends, with data from 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
- An evaluation of the market potential for biofuels based on biofuel type and region
- Coverage of technical and commercial developments in advanced biofuels, and an assessment of manufacturing methods, feedstock options, typical plant costs, operating margins, and the emerging technologies in the biofuel sector
- A look at the regulatory framework regarding the use of biofuels, incentives for fuel production, and the number and capacity of manufacturing plants; and information on the Paris Climate Accords, investments in biofuel technologies, and collaborations between companies
- Analysis of significant patent activity in biofuels
- A market outlook for the major companies, including a market share analysis and assessment of the competitive landscape
- Company profiles of major players within the industry, including ADM, Chevron Renewable Energy Group, Green Plains Inc., and HF Sinclair Corp.
CHAPTER 1 INTRODUCTION
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
What's New in this Update?
Methodology
Information Sources
Geographic Breakdown
CHAPTER 2 SUMMARY AND HIGHLIGHTS
Market Outlook
Summary
CHAPTER 3 MARKET OVERVIEW
Introduction
Biofuel Evolution
First-Generation Biofuels
Second-Generation Biofuels
Third-Generation Biofuels
Fourth-Generation Biofuels
Yield
Net Energy Yield
Conversion Routes for Biofuels Production
Types of Biofuels
Ethanol
Corn Ethanol
Corn Ethanol Manufacturing
Cellulosic Ethanol
Ethanol Blending
Coproducts of Ethanol Production
Ethanol Plant Costs
Biodiesel
Biodiesel Manufacturing
Transesterification
Post-Reaction Processes
Biodiesel Blending
Coproducts of Biodiesel Manufacturing
Biodiesel Plant Costs
Renewable Diesel
Sustainable Aviation Fuel (SAF)
Other Biofuels
Straight Vegetable Oil/Pure Vegetable Oil
Wood Diesel
Biobutanol
Biobutanol Manufacturing
Hydrothermal Upgrading Diesel
Fischer-Tropsch Biofuels
Fischer-Tropsch Manufacturing
Algal Fuel (Oilgae)
Biomethanol
Dimethylfuran
Bio-DME
Green Gasoline
Designer Hydrocarbons
Share of Biofuels in World Energy Matrix
CHAPTER 4 MARKET DYNAMICS
Market Trends
Growing Demand for Low-Carbon Intensive Fuel
Stringent Policies
Food Crops to Remain as a Major Feedstock
Market Drivers
Environmental Policies and Incentives
Growing Demand for Sustainable Aviation Fuels (SAF)
Energy Security
Market Challenges
Feedstock Availability
CHAPTER 5 BIOFUEL MARKET BY FUEL TYPE
Introduction
Global Biofuel Market by Fuel Type
Global Market by Region
North America
Europe
South America
Asia-Pacific
Middle East and Africa
CHAPTER 6 BIOFUELS MARKET BY REGION
Global Market for Biofuels by Region
Global Market by Region
North America
Europe
South America
Asia-Pacific
Middle East and Africa
CHAPTER 7 SUSTAINABILITY IN BIOFUELS INDUSTRY: AN ESG PERSPECTIVE
Introduction
ESG Issues
Environmental Issues
Social Issues
Biofuel Industry ESG Performance Analysis
Consumer Attitudes Towards ESG
ESG Practices by Companies
ESG Risk and Opportunities
Opportunities in Implementing ESG in Biofuel Companies
Risks in Implementing ESG in Biofuel Companies
Case Study
ESG Performance of Neste: Driving Sustainable Innovation in the Biofuel Industry
Concluding Remarks from BCC
CHAPTER 8 EMERGING TECHNOLOGIES AND DEVELOPMENTS
Introduction
Emerging Technology
Technology Innovation
Innovative Technology in Feedstock
Los Alamos National Laboratory (LANL)
Innovative Technology in Process
CHAPTER 9 COMPETITIVE INTELLIGENCE AND M&A
Market Share
Strategies
Feedstock Diversification
New Technologies
Partnership and Capacity Expansion
Product Diversification
Vertical Integration
Mergers & Acquisitions
Investments in Biofuels
CHAPTER 10 COMPANY PROFILES
Introduction
Company Profiles
ADM
CARGILL
CHEVRON RENEWABLE ENERGY GROUP
GREEN PLAINS INC.
HF SINCLAIR CORP.
MARQUIS
POET LLC
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
What's New in this Update?
Methodology
Information Sources
Geographic Breakdown
CHAPTER 2 SUMMARY AND HIGHLIGHTS
Market Outlook
Summary
CHAPTER 3 MARKET OVERVIEW
Introduction
Biofuel Evolution
First-Generation Biofuels
Second-Generation Biofuels
Third-Generation Biofuels
Fourth-Generation Biofuels
Yield
Net Energy Yield
Conversion Routes for Biofuels Production
Types of Biofuels
Ethanol
Corn Ethanol
Corn Ethanol Manufacturing
Cellulosic Ethanol
Ethanol Blending
Coproducts of Ethanol Production
Ethanol Plant Costs
Biodiesel
Biodiesel Manufacturing
Transesterification
Post-Reaction Processes
Biodiesel Blending
Coproducts of Biodiesel Manufacturing
Biodiesel Plant Costs
Renewable Diesel
Sustainable Aviation Fuel (SAF)
Other Biofuels
Straight Vegetable Oil/Pure Vegetable Oil
Wood Diesel
Biobutanol
Biobutanol Manufacturing
Hydrothermal Upgrading Diesel
Fischer-Tropsch Biofuels
Fischer-Tropsch Manufacturing
Algal Fuel (Oilgae)
Biomethanol
Dimethylfuran
Bio-DME
Green Gasoline
Designer Hydrocarbons
Share of Biofuels in World Energy Matrix
CHAPTER 4 MARKET DYNAMICS
Market Trends
Growing Demand for Low-Carbon Intensive Fuel
Stringent Policies
Food Crops to Remain as a Major Feedstock
Market Drivers
Environmental Policies and Incentives
Growing Demand for Sustainable Aviation Fuels (SAF)
Energy Security
Market Challenges
Feedstock Availability
CHAPTER 5 BIOFUEL MARKET BY FUEL TYPE
Introduction
Global Biofuel Market by Fuel Type
Global Market by Region
North America
Europe
South America
Asia-Pacific
Middle East and Africa
CHAPTER 6 BIOFUELS MARKET BY REGION
Global Market for Biofuels by Region
Global Market by Region
North America
Europe
South America
Asia-Pacific
Middle East and Africa
CHAPTER 7 SUSTAINABILITY IN BIOFUELS INDUSTRY: AN ESG PERSPECTIVE
Introduction
ESG Issues
Environmental Issues
Social Issues
Biofuel Industry ESG Performance Analysis
Consumer Attitudes Towards ESG
ESG Practices by Companies
ESG Risk and Opportunities
Opportunities in Implementing ESG in Biofuel Companies
Risks in Implementing ESG in Biofuel Companies
Case Study
ESG Performance of Neste: Driving Sustainable Innovation in the Biofuel Industry
Concluding Remarks from BCC
CHAPTER 8 EMERGING TECHNOLOGIES AND DEVELOPMENTS
Introduction
Emerging Technology
Technology Innovation
Innovative Technology in Feedstock
Los Alamos National Laboratory (LANL)
Innovative Technology in Process
CHAPTER 9 COMPETITIVE INTELLIGENCE AND M&A
Market Share
Strategies
Feedstock Diversification
New Technologies
Partnership and Capacity Expansion
Product Diversification
Vertical Integration
Mergers & Acquisitions
Investments in Biofuels
CHAPTER 10 COMPANY PROFILES
Introduction
Company Profiles
ADM
CARGILL
CHEVRON RENEWABLE ENERGY GROUP
GREEN PLAINS INC.
HF SINCLAIR CORP.
MARQUIS
POET LLC
LIST OF TABLES
Summary Table : Global Market for Biofuels, by Fuel Type, Through 2028
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 : Feedstocks for Ethanol Production
Table 6 : Corn Ethanol Feedstock Requirements, by Plant Size
Table 7 : Estimated Capital and Operating Costs, by Ethanol Plant Size
Table 8 : Feedstocks for Biodiesel Production
Table 9 : Biodiesel Production Costs
Table 10 : Certified SAF Conversion Pathways
Table 11 : Promising Algae for Biodiesel Manufacture
Table 12 : Global Market for Biofuels, by Fuel Type, Through 2028
Table 13 : North American Market for Biofuels, by Fuel Type, Through 2028
Table 14 : European Market for Biofuels, by Fuel Type, Through 2028
Table 15 : South American Market for Biofuels, by Fuel Type, Through 2028
Table 16 : Asia-Pacific Market for Biofuels, by Fuel Type, Through 2028
Table 17 : MEA Market for Biofuels, by Fuel Type, Through 2028
Table 18 : Global Market for Biofuels, by Region, Through 2028
Table 19 : North American Market for Biofuels, by Country, Through 2028
Table 20 : European Market for Biofuels, by Country, Through 2028
Table 21 : South American Market for Biofuels, by Country, Through 2028
Table 22 : Asia-Pacific Market for Biofuels, by Country, Through 2028
Table 23 : MEA Market for Biofuels, by Country, Through 2028
Table 24 : Environment Performance of Biofuel Companies
Table 25 : Social Performance of Biofuel Companies
Table 26 : Governance Performance of Biofuel Companies
Table 27 : ESG Related Investments, by Neste
Table 28 : Biofuel Production Share & Ranking, by Country/Region
Table 29 : Largest Biodiesel Producers in the U.S., January 2023
Table 30 : Largest Ethanol Producers in the U.S., January 2023
Table 31 : Largest HDRD Producers in the EU
Table 32 : M&A Activities in Biofuel Industry, 2022
Table 33 : ADM: Annual Revenue, 2022
Table 34 : ADM: News, 2021-2023
Table 35 : Cargill: News, 2021-2023
Table 36 : Chevron Renewable Energy Group: Annual Revenue, 2021
Table 37 : Chevron Renewable Energy Group: News, 2022
Table 38 : Chevron Renewable Energy Group: Biofuel Product Portfolio
Table 39 : Green Plains Inc.: Annual Revenue, 2022
Table 40 : Green Plains Inc.: News, 2023
Table 41 : HF Sinclair Corp.: Annual Revenue, 2022
Table 42 : HF Sinclair Corp.: News, 2023
Table 43 : Marquis: News, 2023
Table 44 : POET LLC: News, 2023
Summary Table : Global Market for Biofuels, by Fuel Type, Through 2028
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 : Feedstocks for Ethanol Production
Table 6 : Corn Ethanol Feedstock Requirements, by Plant Size
Table 7 : Estimated Capital and Operating Costs, by Ethanol Plant Size
Table 8 : Feedstocks for Biodiesel Production
Table 9 : Biodiesel Production Costs
Table 10 : Certified SAF Conversion Pathways
Table 11 : Promising Algae for Biodiesel Manufacture
Table 12 : Global Market for Biofuels, by Fuel Type, Through 2028
Table 13 : North American Market for Biofuels, by Fuel Type, Through 2028
Table 14 : European Market for Biofuels, by Fuel Type, Through 2028
Table 15 : South American Market for Biofuels, by Fuel Type, Through 2028
Table 16 : Asia-Pacific Market for Biofuels, by Fuel Type, Through 2028
Table 17 : MEA Market for Biofuels, by Fuel Type, Through 2028
Table 18 : Global Market for Biofuels, by Region, Through 2028
Table 19 : North American Market for Biofuels, by Country, Through 2028
Table 20 : European Market for Biofuels, by Country, Through 2028
Table 21 : South American Market for Biofuels, by Country, Through 2028
Table 22 : Asia-Pacific Market for Biofuels, by Country, Through 2028
Table 23 : MEA Market for Biofuels, by Country, Through 2028
Table 24 : Environment Performance of Biofuel Companies
Table 25 : Social Performance of Biofuel Companies
Table 26 : Governance Performance of Biofuel Companies
Table 27 : ESG Related Investments, by Neste
Table 28 : Biofuel Production Share & Ranking, by Country/Region
Table 29 : Largest Biodiesel Producers in the U.S., January 2023
Table 30 : Largest Ethanol Producers in the U.S., January 2023
Table 31 : Largest HDRD Producers in the EU
Table 32 : M&A Activities in Biofuel Industry, 2022
Table 33 : ADM: Annual Revenue, 2022
Table 34 : ADM: News, 2021-2023
Table 35 : Cargill: News, 2021-2023
Table 36 : Chevron Renewable Energy Group: Annual Revenue, 2021
Table 37 : Chevron Renewable Energy Group: News, 2022
Table 38 : Chevron Renewable Energy Group: Biofuel Product Portfolio
Table 39 : Green Plains Inc.: Annual Revenue, 2022
Table 40 : Green Plains Inc.: News, 2023
Table 41 : HF Sinclair Corp.: Annual Revenue, 2022
Table 42 : HF Sinclair Corp.: News, 2023
Table 43 : Marquis: News, 2023
Table 44 : POET LLC: News, 2023
LIST OF FIGURES
Summary Figure : Global Market for Biofuels, by Fuel Type, 2022-2028
Figure 1 : Relative Yield of Current and Proposed Biofuel Feedstocks
Figure 2 : Relative Yield of Current and Proposed Cellulosic Ethanol Feedstocks
Figure 3 : Thermal, Biological, and Chemicals Routes to Biofuels
Figure 4 : Ethanol Production Facility
Figure 5 : Cellulosic Ethanol Manufacturing Process
Figure 6 : Shares of Biodiesel Production Costs, by Segment
Figure 7 : Renewable Diesel Manufacturing Process Via Hydrotreating
Figure 8 : Net Energy Yield of Current and Proposed Biofuel Feedstocks
Figure 9 : Global Energy Matrix Shares, by Fuel Type/Energy Source, 2020
Figure 10 : Global Market for Biofuels, by Fuel Type, 2022-2028
Figure 11 : North American Market for Biofuels, by Fuel Type, 2022-2028
Figure 12 : European Market for Biofuels, by Fuel Type, 2022-2028
Figure 13 : South American Market for Biofuels, by Fuel Type, 2022-2028
Figure 14 : Asia-Pacific Market for Biofuels, by Fuel Type, 2022-2028
Figure 15 : MEA Market for Biofuels, by Fuel Type, 2022-2028
Figure 16 : Global Market for Biofuels, by Region, 2022-2028
Figure 17 : North American Market for Biofuels, by Country, 2022-2028
Figure 18 : European Market for Biofuels, by Country, 2022-2028
Figure 19 : South American Market for Biofuels, by Country, 2022-2028
Figure 20 : Asia-Pacific Market for Biofuels, by Country, 2022-2028
Figure 21 : MEA Market for Biofuels, by Country, 2022-2028
Figure 22 : ESG Issues in Biofuels Industry
Figure 23 : Percentage of Food Crops Used as Ethanol, 2022
Figure 24 : Opportunities and Risks in Implementing ESG
Figure 25 : Announced Projects for Pre-commercial Advanced Liquid Biofuel Production, by Feedstock and Technology, 2022-2030
Figure 26 : Average Annual Global Biodiesel Investments
Figure 27 : Cumulative Investment, by Region, 2010-2022
Figure 28 : ADM: Annual Revenue, 2021 and 2022
Figure 29 : ADM: Revenue Shares, by Business Unit, 2022
Figure 30 : ADM: Revenue Shares, by Country/Region, 2022
Figure 31 : Chevron Renewable Energy Group: Annual Revenue, 2020 and 2021
Figure 32 : Chevron Renewable Energy Group: Revenue Shares, by Business Unit, 2021
Figure 33 : Chevron Renewable Energy Group: Revenue Shares, by Country/Region, 2021
Figure 34 : Green Plains Inc.: Annual Revenue, 2021 and 2022
Figure 35 : Green Plains Inc.: Revenue Shares, by Business Unit, 2022
Figure 36 : Green Plains Inc.: Revenue Shares, by Country/Region, 2022
Figure 37 : HF Sinclair Corp.: Annual Revenue, 2021 and 2022
Figure 38 : HF Synclair Corp.: Revenue Shares, by Business Unit, 2022
Figure 39 : HF Synclair Corp.: Revenue Shares, by Country/Region, 2022
Summary Figure : Global Market for Biofuels, by Fuel Type, 2022-2028
Figure 1 : Relative Yield of Current and Proposed Biofuel Feedstocks
Figure 2 : Relative Yield of Current and Proposed Cellulosic Ethanol Feedstocks
Figure 3 : Thermal, Biological, and Chemicals Routes to Biofuels
Figure 4 : Ethanol Production Facility
Figure 5 : Cellulosic Ethanol Manufacturing Process
Figure 6 : Shares of Biodiesel Production Costs, by Segment
Figure 7 : Renewable Diesel Manufacturing Process Via Hydrotreating
Figure 8 : Net Energy Yield of Current and Proposed Biofuel Feedstocks
Figure 9 : Global Energy Matrix Shares, by Fuel Type/Energy Source, 2020
Figure 10 : Global Market for Biofuels, by Fuel Type, 2022-2028
Figure 11 : North American Market for Biofuels, by Fuel Type, 2022-2028
Figure 12 : European Market for Biofuels, by Fuel Type, 2022-2028
Figure 13 : South American Market for Biofuels, by Fuel Type, 2022-2028
Figure 14 : Asia-Pacific Market for Biofuels, by Fuel Type, 2022-2028
Figure 15 : MEA Market for Biofuels, by Fuel Type, 2022-2028
Figure 16 : Global Market for Biofuels, by Region, 2022-2028
Figure 17 : North American Market for Biofuels, by Country, 2022-2028
Figure 18 : European Market for Biofuels, by Country, 2022-2028
Figure 19 : South American Market for Biofuels, by Country, 2022-2028
Figure 20 : Asia-Pacific Market for Biofuels, by Country, 2022-2028
Figure 21 : MEA Market for Biofuels, by Country, 2022-2028
Figure 22 : ESG Issues in Biofuels Industry
Figure 23 : Percentage of Food Crops Used as Ethanol, 2022
Figure 24 : Opportunities and Risks in Implementing ESG
Figure 25 : Announced Projects for Pre-commercial Advanced Liquid Biofuel Production, by Feedstock and Technology, 2022-2030
Figure 26 : Average Annual Global Biodiesel Investments
Figure 27 : Cumulative Investment, by Region, 2010-2022
Figure 28 : ADM: Annual Revenue, 2021 and 2022
Figure 29 : ADM: Revenue Shares, by Business Unit, 2022
Figure 30 : ADM: Revenue Shares, by Country/Region, 2022
Figure 31 : Chevron Renewable Energy Group: Annual Revenue, 2020 and 2021
Figure 32 : Chevron Renewable Energy Group: Revenue Shares, by Business Unit, 2021
Figure 33 : Chevron Renewable Energy Group: Revenue Shares, by Country/Region, 2021
Figure 34 : Green Plains Inc.: Annual Revenue, 2021 and 2022
Figure 35 : Green Plains Inc.: Revenue Shares, by Business Unit, 2022
Figure 36 : Green Plains Inc.: Revenue Shares, by Country/Region, 2022
Figure 37 : HF Sinclair Corp.: Annual Revenue, 2021 and 2022
Figure 38 : HF Synclair Corp.: Revenue Shares, by Business Unit, 2022
Figure 39 : HF Synclair Corp.: Revenue Shares, by Country/Region, 2022
