Press release
Hydrotreated Vegetable Oil (HVO) Market Demand Makes Room for New Growth Story | Nestle, Total S.A, Preem
Hydrotreated Vegetable Oil (HVO) Market
Some of the key players profiled in the study are Nestle (Switzerland), Total S.A. (France), AltAir Fuels (United States), Eni (England), Renewable Energy Group (United States), Preem (Sweden), SkyNRG (Netherlands), ConocoPhillips (United States), St1(Finland), Statoil (Norway), Diamond Green Diesel (Louisiana), UPM Biofuels (Finland), REG (United States).
Get an Inside Scoop of Study, Request now for Sample Study @ https://www.htfmarketintelligence.com/sample-report/global-hydrotreated-vegetable-oil-hvo-market
According to HTF Market Intelligence, the Global Hydrotreated Vegetable Oil (HVO) market to witness a CAGR of 4.4% during forecast period of 2023-2028. Global Hydrotreated Vegetable Oil (HVO) Market Breakdown by Type (Rapeseed, Sunflower, Soybean, Palm Oil, Animal Fats) by Technology (Ecofining Technology-Based HVO, Co-processing Technology Based HVO, Others) by Sales Channel (Direct Channel, Distribution Channel) by End User (Automotive, Power Generation, Industrial Power System, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
On 8th March 2023, "Eni Sustainable Mobility and the Spinelli Group signed a two-year contract to power the group's fleet with HVOlution. This diesel fuel is made entirely from basic ingredients that are renewable. The fleet of the Spinelli Group consists of more than 300 heavy-duty vehicles, 150 of which are the most recent Euro 6d trucks that can run on pure biofuel. The network of retail locations managed by Eni Sustainable Mobility enables the delivery of biofuel to the Spinelli Group. Currently offered in 57 petrol stations, the product will have 150 sales locations in Italy by the end of the month''.
Definition:
Hydrotreated Vegetable Oil (HVO) is a type of renewable diesel fuel produced from vegetable oils, animal fats, or other renewable sources using a hydrotreating process. The process involves removing impurities and hydrogenating the feedstock to produce a high-quality, low-emission diesel fuel that meets the same specifications as petroleum diesel. HVO is a renewable, sustainable, and low-carbon fuel that can be used in existing diesel engines without requiring any modifications. It is also biodegradable and non-toxic, making it an environmentally friendly alternative to petroleum-based diesel. The HVO market includes a range of products from different manufacturers and is expected to grow significantly in the coming years due to increasing demand for renewable fuels and the adoption of stricter emissions regulations.
Market Trends:
• Growing demand for renewable fuels in transportation and aviation industries.
• Increasing adoption of low-carbon and zero-emission vehicles.
• Advancements in HVO production technology and supply chain infrastructure.
• Growing trend of using waste and residue feedstocks for HVO production.
Market Drivers:
• Government policies and incentives promoting the use of renewable fuels.
• Volatility in crude oil prices and geopolitical tensions affecting traditional fossil fuel supply.
• Growing awareness about the environmental impact of fossil fuels.
• Technological advancements and cost reduction in HVO production.
Market Opportunities:
• Expansion of the HVO market in emerging economies.
• Adoption of HVO as a drop-in fuel for existing diesel engines.
• Increasing demand for HVO in the aviation industry.
• Integration of HVO with other renewable fuels such as biodiesel and ethanol.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Hydrotreated Vegetable Oil (HVO) Market: Rapeseed, Sunflower, Soybean, Palm Oil, Animal Fats
Key Applications/end-users of Hydrotreated Vegetable Oil (HVO) Market: Automotive, Power Generation, Industrial Power System, Others
Book Latest Edition of Global Hydrotreated Vegetable Oil (HVO) Market Study @ https://www.htfmarketintelligence.com/buy-now?format=1&report=2876
With this report you will learn:
• Who the leading players are in Hydrotreated Vegetable Oil (HVO) Market?
• What you should look for in a Hydrotreated Vegetable Oil (HVO)
• What trends are driving the Market
• About the changing market behaviour over time with strategic view point to examine competition
Also included in the study are profiles of 15 Hydrotreated Vegetable Oil (HVO) vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.
List of players profiled in this report: Nestle (Switzerland), Total S.A. (France), AltAir Fuels (United States), Eni (England), Renewable Energy Group (United States), Preem (Sweden), SkyNRG (Netherlands), ConocoPhillips (United States), St1(Finland), Statoil (Norway), Diamond Green Diesel (Louisiana), UPM Biofuels (Finland), REG (United States)
Who should get most benefit from this report insights?
• Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Hydrotreated Vegetable Oil (HVO)
• Marketers and agencies doing their due diligence in selecting a Hydrotreated Vegetable Oil (HVO) for large and enterprise level organizations
• Analysts and vendors looking for current intelligence about this dynamic marketplace.
• Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.
Make an enquiry to understand outline of study and further possible customization in offering @ https://www.htfmarketintelligence.com/enquiry-before-buy/global-hydrotreated-vegetable-oil-hvo-market
Quick Snapshot and Extracts from TOC of Latest Edition
Overview of Hydrotreated Vegetable Oil (HVO) Market
Hydrotreated Vegetable Oil (HVO) Size (Sales Volume) Comparison by Type (2023-2028)
Hydrotreated Vegetable Oil (HVO) Size (Consumption) and Market Share Comparison by Application (2023-2028)
Hydrotreated Vegetable Oil (HVO) Size (Value) Comparison by Region (2023-2028)
Hydrotreated Vegetable Oil (HVO) Sales, Revenue and Growth Rate (2023-2028)
Hydrotreated Vegetable Oil (HVO) Competitive Situation and Current Scenario Analysis
Strategic proposal for estimating sizing of core business segments
Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type
Analyse competitors, including all important parameters of Hydrotreated Vegetable Oil (HVO)
Hydrotreated Vegetable Oil (HVO) Manufacturing Cost Analysis
Latest innovative headway and supply chain pattern mapping of leading and merging industry players
Get Detailed TOC and Overview of Report @ https://www.htfmarketintelligence.com/report/global-hydrotreated-vegetable-oil-hvo-market
Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
About Us:
HTF Market Intelligence is a leading market research company providing end-to-end syndicated and custom market reports, consulting services, and insightful information across the globe. HTF MI integrates History, Trends, and Forecasts to identify the highest value opportunities, cope with the most critical business challenges and transform the businesses. Analysts at HTF MI focuses on comprehending the unique needs of each client to deliver insights that are most suited to his particular requirements.
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