17 June 2020
Visiongain has launched a new report Green (Renewable) Diesel Market Report 2020-2030: Forecasts PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
Visiongain has forecasted that the global green diesel market will reach to market value of USD xyz billion in 2019, growing at a CAGR of xyz% through 2030. Visiongain has evaluated the real possibilities that green diesel has to respond to the challenge of successfully carrying out the energy transition, considering the current fleet of diesel vehicles. Likewise, this report overviews the alternative processes to successfully achieve this inexcusable current challenge. In such a case, what possibilities and advantages or disadvantages present each one of the methods described recently, in order to reduce the cost of production to be used as biofuels in mixtures with fossil diesel.
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Some of these plants, such as the BS Bios Green Omega project to produce green diesel and jet fuel in Paraguay, are reaching sizes well over 600 million gallons/year. Most of these new renewable diesel biorefineries are being constructed to initially supply the states in the U.S. Pacific northwest and Canada and their new LCFS (Low Carbon Fuel Standard) plans. California, Oregon and Washington state together represent more than 5 billion gallons of renewable diesel demand by 2030. This rapid expansion of renewable diesel fuels is being driven by strong demand incentives for low carbon fuels from the U.S., Canada, Europe, and by imminent demands from forthcoming biojet regulations in the 2020s currently underway.
As these low-carbon markets for road transport, aviation, and marine diesel progress, Green Diesel finds a growing number of strategic investment partnerships arriving to build new biorefineries, and greater interest in upgrading refineries to co-process low-carbon biocrude-oils and syncrude oils in Northern Europe, Canada, Oregon, Singapore, Australia, South America, and California.
How COVID-19 Will Affect Global Renewable Fuel Demand
In the global economy, shockwaves are spread from the new coronavirus outbreak (COWID-19). It has an especially strong impact on the oil product market as international and regional and local travel restrictions prevent people and products from circulating freely, which are heavily affected by transport demand for fuel. In Europe, traffic resistance and social contact restrictions have spread nearly as quickly as the virus itself, for example, disrupting industrial production and reducing trade and shipping activities. In addition, the peak remains, because officials warn of a further increase in cases. It is difficult to assess an impact on the global green diesel market. However, Visiongain examines some major markets quickly, based on the question as to to how much biodiesel and green diesel demand would be reduced by the current projections of petrol and diesel and the existing blending targets.
Visiongain’s global green diesel market report can keep you informed and up to date with the developments in the market, across four different regions: North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
With reference to this report, it details the key investments trend in the global market, subdivided by regions, capital and operational expenditure and project type. Through extensive secondary research and interviews with industry experts, Visiongain has identified a series of market trends that will impact the Green Diesel market over the forecast timeframe.
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