An alternative fuel called biodiesel is created by mixing organic oil with alcohol. It can replace conventional petroleum products as an energy source for automobiles and industrial uses. Supporters point to biodiesel's advantages over diesel regarding environmental sustainability and fire safety. The U.S. Department of Energy states that biodiesel is a reasonably efficient energy source because it is made from soybeans and produces about 4.56 units for every unit of fossil fuel used over its life cycle. The IEA estimated solid growth in gasoline and diesel use, more stringent government regulations in India, and increased requirements for biodiesel blending in Indonesia. This will all contribute to the Asia and Pacific region's continued 9% and 12% rise in biofuel demand in 2022 and 2023, respectively.
India Biodiesel Market Growth Opportunities
- Growing need in the transportation sector for biodiesel
- Concentration on Lowering Crude Oil Imports
- Initiatives and Policies of the Government
India Biodiesel Industry News
The India biodiesel market comprises Archer Daniels Midland Company, FutureFuel, Neste’s, Renewable Energy Group, Inc., Bunge Global SA, Wilmar, and Shell.In September 2023 - More than a year ahead of schedule, Aemetis reported that its Universal Biofuels subsidiary had successfully expanded the yearly production capacity of its biodiesel plant in India to 60 million gallons. India's government-owned Oil Marketing Companies (OMCs) will benefit from this supply as their demand for biodiesel grows.
In December 2022 - Kotyark Industries Limited acquired Yamuna Bio Energy Private Limited under an amalgamation strategy.
In December 2021 - Indian Oil sent LRE Petroleum a letter of intent (LOI) to establish a biodiesel production facility in India. LRE Petroleum anticipates using used cooking oil (UCO) to create at least 4 million liters of biodiesel (B-100) annually. The carbon emissions from biodiesel are 78% lower than those from regular diesel. Ideally situated in Karnal, Haryana, India, the biodiesel facility will be supported by LRE's new 1,700-tonne annual compressed biogas plant, which is scheduled to come online by the end of March 2022.
Application - Market breakup in 3 viewpoints:
1. Fuel2. Power Generation
3. Others
Feedstock - Market breakup in 2 viewpoints:
1. Vegetable Oil2. Animal Fats
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Archer Daniels Midland Company2. FutureFuel
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
- FutureFuel
- 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 | 70 |
| Published | May 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 314.7 Million |
| Forecasted Market Value ( USD | $ 634.8 Million |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | India |
| No. of Companies Mentioned | 7 |
