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BCC Research Presents: Biodiesel Feedstocks – A Global Market Analysis

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Biodiesel feedstocks are the raw materials used to produce biodiesel, a renewable and clean energy source They vary in their technologies, synthesis methods, efficiency levels, and policies that regulate their production and use.

BOSTON, Feb. 19, 2024 /PRNewswire/ — According to the latest BCC Research study, the demand for Biodiesel Feedstocks: Technologies, Synthesis, Efficiency and Policies is estimated to increase from $46.3 billion in 2022 to reach $51.6 billion by 2028, at a compound annual growth rate (CAGR) of 3.7% from 2022 through 2028.

Embark on a journey through the dynamic biodiesel market landscape with BCC Research’s latest report, meticulously crafted to unveil the intricate developments shaping the industry. Delving into the core of biodiesel production, the report meticulously categorizes feedstock types, ranging from versatile vegetable oils like rapeseed, palm oil, soybean oil, sunflower oil, corn oil, to the sustainable repurposing of used cooking oil, alongside the utilization of animal fats. By dissecting the market based on applications and regions, readers gain invaluable insights into the diverse uses and geographical demands of biodiesel. Each segment evaluation not only provides comprehensive market size estimations but also offers a forward-looking forecast, guiding stakeholders through growth projections up to 2028. The journey culminates in a panoramic view of the competitive landscape, featuring insightful company profiles of key players steering the global biodiesel market towards a greener future.

The dynamics of the biodiesel industry are undergoing a significant shift, characterized by stagnation in production within traditional markets like the U.S. and EU, contrasted with the burgeoning growth of the renewable diesel sector. While biodiesel faces challenges in established markets, developing nations such as Indonesia, Malaysia, China, and Brazil are witnessing a surge in both production and consumption. Notably, China has emerged as a major player in the renewable diesel market, surpassing Argentina as the largest exporter to Europe. In 2023 alone, China’s exports to Europe experienced a remarkable spike, soaring by nearly 40%. This trend has led to a notable transformation in the U.S., where approximately 13 biodiesel plants have shuttered operations due to the allure of investments in renewable diesel. As the global energy landscape continues to evolve, these shifts underscore the need for industry stakeholders to adapt to changing market dynamics and explore new avenues for sustainable fuel production.

Delve into the comprehensive insights and strategic implications of this vital research. Click here to Learn More.

Key Drivers of Biodiesel Feedstocks: Technologies, Synthesis, Efficiency and Policies

Stringent Policies: Numerous nations have enacted policies aimed at promoting biodiesel usage and curbing reliance on fossil fuels. For instance, the European Union has set ambitious targets, aiming for 10% renewable energy in transportation by 2020, escalating to 14% by 2030. Meanwhile, the United States has implemented the Renewable Fuel Standard, mandating the blending of specified volumes of biofuels with gasoline and diesel. These regulations foster a demand for biodiesel, incentivizing its production and distribution.

Environmental Policies and Incentives: Biodiesel stands out as a cleaner and more eco-friendly alternative to conventional diesel, significantly reducing carbon dioxide emissions, particulate matter, and other pollutants. Moreover, biodiesel’s utilization of waste materials like used cooking oil and animal fats prevents their disposal in landfills or water bodies, benefiting the environment. In response, many governments and organizations have introduced environmental policies and incentives to bolster the biodiesel industry. For example, the European Commission’s proposal of a carbon border adjustment mechanism would impose taxes on carbon-intensive imports like fossil fuels, rendering biodiesel more competitive and appealing. Similarly, the U.S. Environmental Protection Agency’s assignment of higher values to renewable identification numbers for biodiesel offers economic incentives for producers and blenders, further supporting the industry.

Energy Security: Biodiesel emerges as a key player in enhancing a nation’s energy security by diminishing its reliance on imported fossil fuels and diversifying energy sources. With the flexibility to be produced from various locally or regionally sourced feedstocks, biodiesel mitigates risks associated with supply disruptions, price fluctuations, and geopolitical tensions affecting fossil fuel availability and affordability. Additionally, biodiesel’s superior properties, including a higher cetane number, lubricity, and oxygen content compared to traditional diesel, not only enhance engine performance and efficiency but also contribute to prolonging engine life and reducing maintenance costs.

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Report Synopsis

Report Metrics

Details

Base Year Considered

2022

Forecast Period Considered

2023-2028

Base Year Market Size

$46.3 billion

Market Size Forecast

$51.6 billion

Growth Rate

CAGR of 3.7% from 2023 to 2028

Segment Covered

By Feedstock Type, Application, and Geographic Region

Regions Covered

North America, EMEA (Europe, the Middle East and Africa), Asia-Pacific, and South America

Key Market Drivers

 

Stringent Policies Environmental Policies and Incentives Energy Security

 

 

Biodiesel Feedstocks: Technologies, Synthesis, Efficiency and Policies Segmentation:

Feedstock Type Segmentation

This segment intricately classifies the biodiesel market based on the specific raw materials utilized in biodiesel production. Key categories include vegetable oils, animal fats, and other waste sources. Vegetable oils encompass a wide range of oils such as rapeseed, palm, soybean, sunflower, and corn oil, each contributing unique properties to the biodiesel produced. Animal fats consist of materials like tallow, lard, and poultry fat, offering alternative sources for biodiesel production. Additionally, other waste sources like used cooking oil, grease, and algae present innovative avenues for sustainable biodiesel production. The choice of feedstock type significantly impacts the quality, cost, availability, and sustainability of biodiesel, thereby influencing market dynamics and consumer preferences.

Application Type Segmentation

This segment divides the biodiesel market according to the specific end uses or purposes of biodiesel. Primarily, applications are categorized into transport and other miscellaneous uses. Within transport, biodiesel finds applications in automotive, aviation, marine, and rail sectors, each with distinct performance requirements and regulatory frameworks. Meanwhile, other uses encompass diverse sectors such as power generation, heating, and industrial processes, reflecting the versatility of biodiesel beyond transportation. The application type plays a pivotal role in determining demand patterns, performance characteristics, and regulatory considerations governing biodiesel usage across various sectors.

Region Segmentation

This segment delineates the biodiesel market based on geographical regions encompassing production, consumption, and trade activities. Major regions include North America, EMEA (Europe, Middle East, and Africa), South America, and Asia-Pacific, each exhibiting unique market dynamics shaped by regional policies, technologies, and growth trends. The regional factor significantly influences market size, growth trajectories, policy landscapes, and technological advancements within the biodiesel industry, reflecting the diverse socio-economic and environmental contexts across different global regions.

This report on the Biodiesel Feedstocks Technologies, Synthesis, Efficiency and Policies provides comprehensive insights and analysis, addressing the following key questions:

1.  What is the projected market size and growth rate of the market?

The global biodiesel market is expected to grow from $46.3 billion in 2022 to $51.6 billion in 2028. The market is expected to witness a CAGR of 3.7% from 2023 to 2028.

2.  What are the key factors driving the growth of the market?

Increasing Demand for Low-Carbon Intensive Feedstock.

Government policies and incentives.

3.  What segments are covered in the market?

This BCC Research report studies the developments in the biodiesel market worldwide. It analyzes the type of feedstock used in the market and their future scope, analyzing three feedstock: vegetable oil, animal fat, and other wastes. An analysis of major geographical markets, North America, EMEA, South America, and Asia-Pacific, is also provided. Each segment evaluation includes market size estimates for biodiesel and a forecast for 2028.

4.  By feedstock type, which segment will dominate the market by the end of 2028?

The vegetable oil sector will dominate by the end of 2028 because of well-established technology and easy feedstock access.

5.  Which region has the highest market share in the market?

In 2022, the EMEA had the highest market share, followed by North America and Asia-Pacific. Transport sectors’ growing demand, stringent biofuel policies, and incentives derived the market.

Some of the Key Market Players Are:

 AG PROCESSING INC.ARCHER DANIELS MIDLAND CO. (ADM)ARGENT ENERGYAVRIL GROUPCARGILL INC.CHEVRON RENEWABLE ENERGY GROUPENI S.P.A.HF SINCLAIR CORP.NESTE OYJPOET LLC.

Browse More Related Reports:

Algae Biofuel: Global Markets: This report comprehensively covers the global algae biofuel industry, offering definitive estimates and forecasts of worldwide markets from 2022 to 2027. Through meticulous analysis of various regions, countries, and applications, it provides insights into the present scenario and growth prospects of the market. Leveraging data from R&D, pilot stage, and industrial-scale production, market size calculations are based on capacity and expansion plans, augmented by extensive literature research. The competitive landscape is outlined, showcasing detailed profiles of key players. Moreover, the report delves into market dynamics, including drivers, restraints, opportunities, and challenges, while also examining emerging trends and their impacts. Notably, the COVID-19 pandemic and the RussiaUkraine war have cast negative economic shadows on the market, with 2020 witnessing an assumed downturn across segments. However, amidst these challenges, burgeoning economies such as India, Malaysia, and Indonesia are emerging as lucrative markets, drawing significant investments and fostering heightened consumer spending in the algae biofuel sector.

Biofuels: Global Markets: The BCC Research report offers a comprehensive overview of the biofuel industry, covering various types of biofuels, manufacturing methods, feedstock options, plant costs, and operating margins. It provides detailed analyses of major geographical markets including North America, Europe, South America, Asia-Pacific, Africa, and the Middle East, with market size estimates and growth forecasts up to 2028 for ethanol, biodiesel, and other fuel types sales. Additionally, the report examines technical and commercial developments in advanced biofuels and emerging technologies within the sector. A thorough assessment of the competitive landscape of the global biofuel market is provided, along with discussions on emerging technologies and company profiles of key players in the industry.

Directly Purchase a copy of the report with BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com.

About BCC Research

BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts’ goal is to help you make informed business decisions, free of noise and hype.

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Corporate HQ: BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301

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Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif

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NEW YORK, Sept. 21, 2024 /CNW/ — The longing for peace transcends time, geography and religion. Based on justice, human rights and universal values outlined in the UN Charter, a culture of peace brings us all together in our common agenda for humanity. We can only co-exist by aligning ourselves with such a world order.

On today’s International Day of Peace, we call on world leaders to end conflict and embrace a culture of peace as enshrined in the UN Charter and related international law.

As the UN General Assembly outlined in the Declaration and Programme of Action on a Culture of Peace  a quarter of a century ago, this must include: “Respect for life, human rights and fundamental freedoms; the promotion of non-violence through education, dialogue and cooperation; commitment to peaceful settlement of conflicts; and adherence to freedom, justice, democracy, tolerance, solidarity, cooperation, pluralism, cultural diversity, dialogue and understanding at all levels of society and among nations.”

Educating for peace starts at home and continues in school through years of education. This takes place during the most formative years of a child learning about their identity, ethics, values, conscience, courage and compassion. Wherever there has been a failure in imparting on children the imperative for peace, the world is turned upside down. This is a global failure with no geographical boundaries.

Today, we live in a world of unprecedented violence, armed conflict and chaos. All the genuine and heartfelt commitments made in 1945 in the UN Charter seem to be fading away. Children and adolescents are the most vulnerable, the least protected, and the most impacted. They bear the brunt. 

Global conflicts killed three times as many children in 2023 than in the previous year, according to the United Nations. The number of forcibly displaced people reached an unprecedented 120 million in May 2024.

“In 2023, the United Nations verified a record 32,990 grave violations against 22,557 children in 26 conflict zones, a 35% increase from the previous year,” according to recent analysis by the UN.

We can end these violations and invest in a constructive co-existence globally. We can use our resources for education, rather than for wars. In classrooms around the world, girls and boys who have withstood the wrath of war can rebuild their hopes and their lives. Cultivating a culture of peace is possible. The financial resources exist. The choice as to how we use them is ours.

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Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”

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BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing and Urban-Rural Development, the Ministry of Commerce, the General Administration of Market Regulation, the US State Department, the US Department of Energy and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited by the China Circular Economy Association to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.

Enhancing Quality and Efficiency in the Circular Economy with Innovative Forces

The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis” (hereinafter referred to as the Sunnylands Statement). It aimed to create a collaborative platform for the business community, social organizations, and research institutions from both countries to foster exchanges and drive tangible cooperation in the circular economy.  

Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, Nicholas Burns, U.S. Ambassador to China, and Xie Zhenhua, former Special Envoy for Climate Change Affairs of China, attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.

The China-US Circular Economy Cooperation Forum, held as an initiative to implement the Sunnylands Statement, marked another significant milestone in China-US cooperation on the circular economy. This collaboration is crucial for both nations as they join forces to tackle the climate crisis. On the afternoon of September 6, the forum organized four parallel meetings, where representatives engaged in in-depth exchanges on topics such as using the recycling economy to reduce greenhouse gas emissions, promoting the application of recycled materials, addressing plastic pollution and enhancing recycling, and increasing the recycling value of waste in the context of new industries and consumption patterns.

Niutech: International Experts on Continuous Pyrolysis Technology and Pioneers in solving the global “white pollution” problem

Globally, hundreds of millions of tons of waste plastics are generated annually, yet only about 30% undergo recycling. Traditional physical methods are typically limited to high-value, single-category, and relatively clean waste plastics. However, repeated recycling can degrade the quality of the plastics. Chemical recycling, on the other hand, offers a transformative approach by converting waste plastics into high-value products or fuels through chemical processes, thus overcoming the limitations of physical recycling.

Pyrolysis technology, a cornerstone of chemical recycling, addresses the challenges associated with the material recycling of waste plastics. It is adept at processing various types of low-value, mixed, and contaminated waste plastics. The products of pyrolysis can be further processed to manufacture new plastics, achieving a closed-loop system where waste plastics are repurposed into high-value new plastics. This not only retains the material’s utility at a high level but also converts “white pollution” into a “white oil field,” signifying a major shift in the management and valorization of plastic waste.

At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. Niutech has developed its own pyrolysis technology and equipment, which they fully own the intellectual property rights to. This technology enables the transformation of low-value, mixed, and contaminated waste plastics—including various polymers such as PP, PE, PS, ABS—into high-quality fuel oil.  

The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.

In the future, Niutech will continue to champion the principle of “green, recycling and low-carbon” waste plastics pyrolysis. Armed with advanced technology, reliable equipment, abundant high-value solutions and proven experience, Niutech is committed to enhancing communication and cooperation with domestic and foreign partners. Together, they will drive forward the chemical recycling of waste plastics and the sustainable development of the global waste plastics recycling industry.

 

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Global Ultrasound Institute Launches GUSI Fellowships Platform: Elevating Point-of-Care Ultrasound Education

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SAN FRANCISCO, Sept. 20, 2024 /PRNewswire/ — The Global Ultrasound Institute (GUSI) is proud to announce the launch of the GUSI Fellowships Platform, an innovative online platform designed to empower learners around the world to achieve confidence and competency in point-of-care ultrasound (POCUS). With a holistic, device-independent approach that includes comprehensive evidence-based education, personalized mentorship from world-class POCUS educators, detailed scan review feedback, quantitative assessments, and CME certification, GUSI is setting a new standard in POCUS education.

“GUSI’s online didactics are the best that I have seen. And what I like most about the fellowship were the 1:1 sessions and being able to interact with GUSI expert faculty who have many years of experience in POCUS. And you get to pick their brains and they get to instruct you 1:1. I have used the training I received from GUSI to do much more POCUS clinically and further impact my patients lives.”

Dr. James Wilcox,
Assistant POCUS Director, Indiana University School of Medicine
Adjunct Professor and Assistant Professor of Medicine

“Our mission at GUSI is to democratize access to high-quality ultrasound training,” said Dr. Kevin Bergman and Dr. Mena Ramos, Co-CEOs of Global Ultrasound Institute. “The GUSI Fellowships Platform enables learners from diverse backgrounds to enhance their skills in a supportive, flexible environment, making it easier than ever to reach their POCUS goals.”

With training options covering 38 different scan types, learners can expect personalized 1:1 mentorship with expert POCUS educators who provide timely feedback on practice scans.

“The GUSI fellowship mentors are the best: patient, kind, knowledgeable, experienced, and supportive. GUSI provided education in the areas I wanted and needed to obtain and in my home/office environment not requiring multiple trips around the country. It is not just the way course work is presented – learning is made easier by the support provided to each student.”

Dr. Glenda Patterson
Core Faculty, University of Arkansas Northwest Internal Medicine Residency
Physician, Veterans Health Care of the Ozarks
Board-certified in Internal Medicine, Pulmonary Medicine, and Critical Care Medicine

The GUSI Fellowships Platform features a scalable software system designed to monitor and track performance, ensuring learners can effectively measure their progress.

GUSI understands the challenges faced by healthcare professionals seeking to enhance their ultrasound skills amid demanding schedules. GUSI addresses these concerns with flexible scheduling options, allowing learners to progress at their own pace while balancing their professional and personal commitments. This adaptability and virtual experience is crucial for fostering a culture of continuous learning and skill development.

“I went from not being able to hold the probe to someone who can scan and diagnosing and finding pathologies. I worked with Dr. Milne-Price and she was amazing! She sharpened my skills and we did sessions of live scanning over Zoom. I feel confident in my skills now to scan on my own.”

Dr. Dalea Al-Hawarri
Faculty, Bryn Mawr Family Medicine Residency

As healthcare continues to evolve, the demand for proficient ultrasound practitioners has never been greater. GUSI is not only committed to providing exceptional education but also aims to inspire a new generation of healthcare professionals who can leverage POCUS to improve patient outcomes globally. Join us in this exciting journey towards excellence in ultrasound practice.

For more information on GUSI Fellowships and to start your journey toward ultrasound proficiency, visit https://globalultrasoundinstitute.com/.

About Global Ultrasound Institute:

Global Ultrasound Institute stands at the forefront of point-of-care ultrasound, providing wraparound education, training, AI, and administrative software tools to healthcare providers and health systems globally to lower barriers to POCUS adoption and implementation. GUSI has trained over 14,000 healthcare practitioners in over 60 countries. GUSI is working to create a better world in which every healthcare practitioner is empowered to offer a rapid, reliable, accurate ultrasound-enabled diagnosis directly at the point-of-care, for any patient, anywhere.

For more information about GUSI Fellowships or any of GUSI services, please visit https://globalultrasoundinstitute.com/

Contact:

Dr. Kevin Bergman, Co-Founder, co-CEO, Global Ultrasound Institute
Dr. Mena Ramos, Co-Founder, co-CEO, Global Ultrasound Institute

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