Industries > Energy > Green (Renewable) Diesel Market Report 2020-2030

Green (Renewable) Diesel Market Report 2020-2030

Forecasts PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis

PUBLISHED: 16 June 2020
PAGES: 500
PRODUCT CODE: ENE0403
SUBMARKET: Renewable Energy

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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. The market is anticipated to grow at a CAGR of xyz% in the first half of the forecast period while the second half of the forecast period is anticipated to grow at CAGR of xyz%. Overall North America Green Diesel market is anticipated to grow at CAGR of xyz% from 2020 to 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.

This report includes data analysis and invaluable insight into how COVID-19 will affect your industry. Access this report today.

To access the data contained in this document please email contactus@visiongain.com

Growth Factors

Increasing Biofuel Demand Globally
Visiongain forecasts that several recent trends in U.S. biofuels markets will continue through 2025. In the STEO, production of fuel ethanol and net imports of biomass-based diesel stay unchanged, while net exports of fuel ethanol decline modestly. Federal mandates and state programs continue to support biofuel consumption through 2020, however, biofuels remain a relatively small share of total U.S. liquid transportation fuels supply.

U.S. diesel fuel consumption, which includes biomass-based diesel, is expected to increase from xyz million b/d to xyz million b/d between 2018 and 2021 in the STEO. The share of biomass-based diesel in diesel fuel increases from xyz% in 2018 to xyz% in 2020. Demand for renewable diesel, which includes stand-alone production facilities as well as petroleum refiners that co-process renewable feedstock in downstream units such as hydrotreaters, is expected to grow in 2025.

Green Diesel (renewable diesel) is Increasingly Used to Meet World’s Low Carbon Fuel Standard
Green Diesel (renewable diesel) is an alternative fuel that is chemically similar to petroleum diesel and nearly identical in its performance characteristics. Green Diesel (renewable diesel) shares the same fat, oil, and grease feedstock as biodiesel, but renewable diesel can be blended into petroleum diesel at higher blend levels compared with biodiesel blends. Green Diesel (renewable diesel) is often produced either through hydrotreating at a biorefinery or co-processing at a petroleum refinery.

Under the LCFS program, renewable diesel generates a large number of credits relative to other fuels because it has some of the largest lifecycle greenhouse gas reductions compared with other fuels. The total volume of LCFS credits associated with renewable diesel exceeded that of fuel ethanol for the first time in 2019 reaching about 870,000 mt of carbon dioxide equivalent during the second quarter of 2019.

While renewable diesel imports from Singapore remain significant, planned renewable diesel production capacity additions during the next several years have the potential to increase the share of domestic renewable diesel in the global market. A number of LCFS amendments are slated to go into effect in 2019, including an extension of the program to increase the total reduction in carbon intensity to at least 20% by 2030.

Availability of Waste Oils
While 46 percent of biodiesel comes from soybean oil, another 46 percent is derived from waste oils and fats, i.e. 14 percent from animal fats; 17 percent from used cooking oil (UCO); and 15 percent from distillers corn oil (DCO). Several years ago, UCO became in hot demand for biodiesel production. Market demand put upward pressure on prices, and all of a sudden we started seeing collection in Brazil, India, Mexico. The higher price incentivized more collection, innovation and efficiencies. it’s quite possible there is still a fair amount of unrecovered waste oils in the economy not served by the rendering industry. As the value of that material increases, through carbon and fuel policies, society becomes more efficient. There is also discussion about recovery of lipids from wastewater treatment facilities, and progress is being made in that area. None of these things are bad—they’re all good. High-value uses will prevail, and other uses will fade.

Demand Driven by Renewable Fuel Mandates

Global Mandates
66 countries have adopted mandates or target goals to reduce emissions. British Columbia, the European Union and the United Kingdom have adopted similar programs. Sweden implemented a 19.3% GHG reduction mandate for diesel fuel in 2018, with the target increasing to 21% by 2020.

National Mandates
Renewable Fuel Standard (RFS) • RFS is a federal mandate aimed towards reducing the nation’s use of traditional petroleum-based fuels by increasing the use of renewable fuels. The 2020 renewable fuel volume requirement is 20.1 billion gallons.

State Mandates
Low Carbon Fuel Standard mandate was enacted in 2007 by the California Air Resources Board (CARB). CARB has adopted regulations to extend LCFS from 2020 to 2030 with a Carbon Intensity (CI) reduction goal of 7.5% in 2020, increasing to 20% in 2030 versus 2010 benchmark.

Restraining Factors

Regulatory Uncertainty Stands Out as the Most Important Impediment to Investments
Since 2009, three major legislative changes have taken place with the enactment of the Renewable Energy Directive (RED) I (2009), the Indirect Land-Use Change (ILUC) Directive (2015) and approval of the political agreement on RED II in 2018. Each major legislative milestone was preceded by two to three years of fierce public debate as the Commission’s proposal proceeded through the European Parliament and the Council. Major pieces of legislation are then followed by associated lower-level legislation. These too, however, may be of crucial importance for biofuels producers. Finally, project developers must adapt to the varying speeds and ways in which the European Union (EU) legislation is transposed into Member States’ national legislation. Visibility regarding future markets has been poor and changes have been frequent. Half of the respondents think that investments are hampered by worries that, for example, sustainability criteria may change and become more stringent in the future. Project developers need to make decisions on the basis of assumptions, which extend beyond 5 to 12 years, on future feedstock and fuel markets. Bringing novel technologies to commercial maturity, in particular, takes time.

Even though regulatory instability is regarded as a major barrier, the survey revealed that the recast Renewable Energy Directive – EU RED II, which enters into effect in 2021 – is deemed conducive for the industry. The new 3.5% target for advanced biofuels by 2030 is considered realistic but appropriately ambitious. Seventy-five percent of survey respondents agree the European targets under RED II will encourage investments.

Competition for Feedstock between Different Types of Advanced Biofuel Production
The production of sustainable biofuels contributes to decreasing GHG emissions, by competing with and substituting for fossil fuels. However, there is also competition between biofuels, which may impact the deployment of different value chains. To achieve system benefits from utilizing existing infrastructure, there is a push towards biofuels that have the same properties as fossil fuels currently used, such as drop-in diesel fuel and biojets. This drives the development towards more flexible value chains, partly through technologies such as gasification, but may also result in the addition of process steps to the value chains for production of e.g. ethanol in order to produce more complex hydrocarbon fuels. This is also an important aspect behind the development towards increasing involvement of traditionally fossil refinery companies in biofuel production and the developments to increase the feedstock alternatives for oleochemical conversion (see below). A result of these above trends is that different value chains increasingly compete for the same type of (lignocellulosic and waste based) feedstock.

Turbulent Times Ahead for Green Diesel Producers
It is anticipated that global green diesel demand will be down by 23%. The EU-27 expects a 10 percent decrease in demand for diesel in 2020. The expected decrease in the demand for Diesel coincides with an increase of biodiesel mixing in several Member States by the beginning of 2020, when the Renewable Energy Directive (RED) RED target of 10.0% cal. renewable energy target and the Fuel Quality Directive target of 6.0% decrease in greenhouse gas emissions are implemented. An estimated 16.0 mln of biodiesel, including 13.5 mln of fatty acid mechanical oils (FAME) and 2.5 mln of hydrotreated vegetable oils (HVO), were consumed by the European Union in 2019. In a world without coronavirus, there was projected to rise demand from the higher quotas, with a growth in diesel use of only a small part, to 17,8 million tons, 3.5 mln of hydrocarbon dioxide (HVO) and 14,3mln of FAME.

Opportunities in the Global Market

Bio-Heat Markets
Bioenergy as solid fuels (biomass), liquids (biofuels) or gases (biogas or biomethane) can be used to produce heat for cooking and for space and water heating in the residential sector, in traditional stoves or in modern appliances such as pellet-fed central heating boilers. At a larger scale, it can provide heat for public and commercial premises as well as for industry, where it can provide either low-temperature heat for heating and drying applications or high-temperature process heat. Bioenergy also can be used to co-generate electricity and heat via combined heat and power (CHP) systems, either on-site in buildings or distributed from larger production facilities via district energy systems, to provide heating (and in some cases cooling) to residential, commercial and industrial buildings

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.

The report will answer questions such as:
• How is the green diesel market evolving?
• What is driving and restraining the green diesel market?
• How will each green diesel submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
• How will the market shares for each green diesel submarket develop from 2020 to 2030?
• What will be the main driver for the overall market from 2020 to 2030?
• Will leading green diesel markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
• Who are the leading players and what are their prospects over the forecast period?
• What are the green diesel projects for these leading companies?
• How will the industry evolve during the period between 2020 and 2030?

Reasons Why You Must Order and Read This Report Today:

The report provides forecasts for the Global Green Diesel market, by Source, for the period 2020-2030
• Ceramic Based Insulators Market 2020-2030
• Composite Based Insulators Market 2020-2030
• Glass Based Insulators Market 2020-2030
• Other Types Based Insulators Market 2020-2030

The report provides forecasts for the Global Green Diesel market, by Voltage, for the period 2020-2030
• Vegetable Oil Residues based Green Diesel Market 2020-2030
• Used Cooking Oil based Green Diesel Market 2020-2030
• Waste Animal Fat based Green Diesel Market 2020-2030
• Waste Fish Fat based Green Diesel Market 2020-2030
• Residue Oils based Green Diesel Market 2020-2030
• Other Sources based Green Diesel Market 2020-2030

The report provides forecasts for the Global Green Diesel market, by Feedstock, for the period 2020-2030
• Palm Oil based Green Diesel Market 2020-2030
• Tallow based Green Diesel Market 2020-2030
• Jatropha based Green Diesel Market 2020-2030
• Soybean based Green Diesel Market 2020-2030
• Rapeseed based Green Diesel Market 2020-2030
• Algal Oils based Green Diesel Market 2020-2030
• Camelina based Green Diesel Market 2020-2030
• Other Feedstock based Green Diesel Market 2020-2030

The report provides forecasts for the Global Green Diesel market, by Process, for the period 2020-2030
• Hydrogenation based Green Diesel Market 2020-2030
• Co-processing based Green Diesel Market 2020-2030
• Biomass Pyrolysis based Green Diesel Market 2020-2030
• Catalytic Conversion based Green Diesel Market 2020-2030
• Fischer-Tropsch (FT) Gasification based Green Diesel Market 2020-2030
• Other Process based Green Diesel Market 2020-2030

The report provides forecasts for the Global Green Diesel market, by Technology, for the period 2020-2030
• Hydrotreating Technology based Green Diesel Market 2020-2030
• Biomass-to-liquid Technology based Green Diesel Market 2020-2030
• Pyrolysis-Rapid Thermal Technology based Green Diesel Market 2020-2030
• Other Technology based Green Diesel Market 2020-2030

The report provides forecasts for the Global Green Diesel market, by Application, for the period 2020-2030
• Automotive Green Diesel Market 2020-2030
• Aviation Green Diesel Market 2020-2030
• Marine Green Diesel Market 2020-2030
• Other Application Green Diesel Market 2020-2030

The report provides forecasts for the Global Green Diesel market, by Region, for the period 2020-2030
• North America Insulators Market 2020-2030
• Europe Insulators Market 2020-2030
• Asia-Pacific Insulators Market 2020-2030
• Middle East & Africa Insulators Market 2020-2030
• Latin America Insulators Market 2020-2030

Global green diesel market was valued at US$xyz billion in 2019 and is anticipated to grow at a CAGR of xyz% from 2020-2030 to reach at market value of US$xyz billion by 2030. The market is anticipated to grow at a CAGR of xyz% in the first half of the forecast period while the second half of the forecast period is anticipated to grow at CAGR of xyz%. Overall North America Green Diesel market is anticipated to grow at CAGR of xyz% from 2020 to 2030.

The report reveals global regulations and agreements affecting the Renewable Fuel Industry

The report includes Leading Companies analysis in the Green Diesel Market Companies
• Companies with green diesel projects
• Production Expansion Investments
• Renewable Fuel Consultancies

The report provides detailed profiles of the leading companies operating within the Green Diesel market:
• Neste Oyj
• Darling Ingredients Inc.
• Renewable Energy Group, Inc.
• Synergy Teletech Pvt Ltd
• Emirates National Oil Company (ENOC)
• Honeywell International Inc.
• Valero Energy Corporation (Valero)
• Preem Aktiebolag
• ENI Venice Biorefinery
• Sinopec Limited

This independent 500-page report guarantees you will remain better informed than your competitors. With 287 tables and figures examining the green diesel market space, the report gives you a direct, detailed breakdown of the market. PLUS, market breakdown by source, feedstock, technology, process, application and by Region, as well as in-depth profiles of companies that will keep your knowledge that one step ahead of your rivals.

This report is essential reading for you or anyone in the renewable fuel sector. Purchasing this report today will help you to recognise those important market opportunities and understand the possibilities there. I look forward to receiving your order.

To access the data contained in this document please email contactus@visiongain.com

Buy our report today Green (Renewable) Diesel Market Report 2020-2030: Forecasts PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis. Avoid missing out by staying informed – order our report now.

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CCR Ref number: KD4R6

Do you have any custom requirements we can help you with? Any need for specific country, geo region, market segment or specific company information? Contact us today, we can discuss your needs and see how we can help: sara.peerun@visiongain.com

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