The global renewable fuel market size was valued at US$ 887.19 billion in 2021 and it is expected to surpass around US$ 1,753.6 billion by 2030 with a registered CAGR of 7.86% during the forecast period 2022 to 2030.
Diverse biomass sources can be used to create renewable hydrocarbon biofuels. Lipids (such as vegetable oils, animal fats, greases, and algae), as well as cellulose material, are among them (such as crop residues, woody biomass, and dedicated energy crops). Where production is taking place, the commercial facilities mostly concentrate on producing renewable diesel, while more SAF production is anticipated given the number of plants now under development. It is typical for one facility to produce both SAF and renewable diesel. Five commercial renewable diesel facilities with a combined capacity of 550 million gallons existed as of 2020, while one facility that produced both renewable diesel and SAF had a capacity of 42 million gallons. Eight new facilities are being built and three are being expanded, adding an additional 2 billion a capacity of gallons. At least three of the facilities will also manufacture SAF. The majority of the new plants and expansions of existing plants are for the production of renewable diesel. The majority of the renewable diesel that the United States imports comes from factories in Singapore. Due to California’s Low Carbon Fuel Standard, SAF and almost all renewable diesel are used there.
Numerous techniques are being investigated by researchers to manufacture sustainable hydrocarbon biofuels. Production facilities can be standalone or integrated with oil refineries.
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The following technological avenues are being investigated for the generation of renewable hydrocarbon biofuels:
Hydrotreating conventionally entails reacting the feedstock (lipids) with hydrogen at high temperatures and pressures when a catalyst is present. This process is used in petroleum refineries. This technology is currently utilised in commercial plants.
Biological sugar upgrading: In this route, organisms that convert sugars to hydrocarbons are added to a biochemical deconstruction process, which is similar to that utilised with cellulosic ethanol.
Catalytic conversion of sugars: In this process, a stream of carbohydrates is transformed into hydrocarbon fuels by a series of catalytic reactions.
Gasification: This method involves converting biomass thermally to syngas and catalytically to hydrocarbon fuels.
Gasification: This method involves converting biomass thermally to syngas and catalytically to hydrocarbon fuels.
Pyrolysis: In this route, organic compounds are chemically broken down at high temperatures without oxygen. The procedure yields a liquid pyrolysis oil that may be converted into hydrocarbon fuels either independently or in combination with crude oil in a conventional petroleum refinery.
Hydrothermal processing: In this method, wet waste materials or biomass are chemically broken down at high pressure and moderate temperature to create an oil that can be catalytically converted into hydrocarbon fuels.
Benefits
Renewable hydrocarbon biofuels provide a number of advantages, such as
Compatibility with current infrastructure and engines – Renewable hydrocarbon biofuels are chemically identical to their petroleum counterparts, minimising compatibility difficulties.
Enhanced energy security—A variety of domestic feedstocks can be used to make renewable hydrocarbon biofuels, which also help to create jobs in the United States.
Less emissions—By balancing the carbon dioxide released during the burning of renewable hydrocarbon biofuels in comparison to conventional fuels, carbon dioxide captured by feedstock growth reduces overall greenhouse gas emissions.
greater adaptability
In place of conventional diesel, jet fuel, and gasoline, renewable hydrocarbon biofuels enable the creation of different products from a variety of feedstocks and manufacturing processes.
Market Segmentation:
Global Renewable Fuel Market: Major Players
Community Fuels
Simple Fuels Biodiesel, Inc
Canadian Biofuel
Cargill
Biodico, Inc
Imperial Western Products
HERO BX
ECO Erneuerbare Energien GmbH
Delta Fuel Company
Neste Oil
New England Wood Pellets
Baker Commodities Los Angeles
Ag Processing Inc
Renewable Biofuels, Inc
Louis Dreyfus Commodities
Pacific Biodiesel
Archer Daniels Midland
REG
Agron Bioenergy
Bay Biodiesel, LLC
Billington Bioenergy
Global Alternative Fuels
Darling Ingredients Inc
Georgia Biomass
GeoGreen Biofuels, Inc
New Leaf Biofuel, LLC
Enviva
Crimson Renewable Energy, LP
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Global Renewable Fuel Market: Types
Geothermal resources
Biomass Energy
Hydropower
Ocean Energy
Solar PV
Wind Power
Others
Global Renewable Fuel Market: Applications
Cooling and Heating Sector
Power Sector
Transportation Sector
Others
Key Points:
Define, describe and forecast Renewable Fuel product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
