Biofuels Market Fueled by Clean Energy Push: Major Investments by Shell, BP, and Chevron Set 2030 Growth Path

The global Biofuels Market is projected to grow at a CAGR of 7.65% between 2023 and 2030, driven by factors such as energy security concerns, fluctuating fossil fuel prices, and increasing emission regulations.

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Why Biofuels Matter

➫ Energy Security & Emission Reduction: Biofuels offer a sustainable substitute for petroleum-based fuels, helping balance fuel costs and comply with global emission targets.

➫ Commercial Scale-Up: Advances in R&D have enabled biofuels' transition from pilot projects to large-scale adoption, offering performance comparable to gasoline and diesel.

Market Drivers

➫ Volatility of fossil fuel prices and geopolitical energy dependencies
➫Depleting global oil reserves, spurring research and commercialization of biofuels

List of the Key Players in the Biofuels Market:

Archer Daniels Midland Company, BlueFire Ethanol Fuels Inc, Bunge Limited, Cargill Inc, China New Energy Limited, Greenbelt Resources, Poet LLC, Renewable Energy Group Inc, Royal Dutch Shell plc and Wilmar International Limited.

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Segment Covered in the Biofuels Market:

➫ By fuel type(Bioethanol, Biodiesel)
➫ By end-user (bioethanol)(Automotive industry, Agriculture industry, Mining, Marine industry, Power, Others)

Research Methodology:

Our research methodology integrates both qualitative and quantitative techniques to deliver a comprehensive market analysis. We start by collecting data from reputable industry reports and databases through secondary research, followed by primary research involving surveys and interviews with industry experts. Advanced statistical tools are then employed to analyze the data, identify trends, and evaluate market dynamics. Furthermore, we utilize market segmentation and Porter's Five Forces analysis to assess the competitive landscape. This rigorous approach guarantees that the insights we provide are dependable, actionable, and customized to support your decision-making.

Industry Development: 2025

➥ Galp Energia is investing €400 million in an HVO (hydrogenated vegetable oil) plant to convert used cooking oil into renewable biodiesel and sustainable aviation fuel (SAF), with production expected to begin in 2026. This is complemented by a €250 million electrolyzer for green hydrogen generation

➥ ExxonMobil, BP, Shell, Chevron, and TotalEnergies have announced 43 biofuel projects by 2030, collectively aiming for an annual capacity of 286,000 bpd. This initiative includes acquisitions: BP's purchase of Bunge Bioenergia and Chevron's acquisition of Renewable Energy Group

➥ In March 2025, the U.S. government directed oil and biofuel industries to negotiate the next phase of the Renewable Fuel Standard, covering blending mandates, small refinery exemptions, and the 45Z tax credit for biomass-based diesel

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This Report Covers:

✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
✔ Top-down and bottom-up approach for regional analysis

Regional Analysis for Biofuels Market:

⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Frequently asked questions:

➠ What is the global market size, revenue, and growth rate of the market research industry?
➠ Who are the top global players, and what are their production, sales, and revenue figures?
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➠ Which segments or services are expected to grow the fastest? What is their market share?
➠ What factors are driving or limiting market growth?
➠ What are the main sales, marketing, and distribution channels in the industry?

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