GLOBAL RESEARCH TRENDS

Emissions Reductions Proposals Affecting Medium and Heavy-Duty Vehicles

To help policymakers and affected stakeholders better understand the particular effects emissions reduction policies might have on the medium and heavy-duty vehicle market, the Fuels Institute compiled a list of considerations that are critical to address when crafting and implementing such policies. Download the full report here

Biodiesel market share to reach $88 billion by 2028 with CAGR of 7.5%

The Insight Partners have published the results of their latest study, “Biodiesel Market Share, Demand, Industry Trends and Forecast to 2028.” They report the global biodiesel market is expected to grow from USD 57.5 billion in 2022 to USD 88.0 billion by 2028; it is estimated to grow at a CAGR of 7.5 per cent from 2022 to 2028. This growth is driven by increasing demand for renewable energy, growing concern regarding climate change, the requirement to reduce reliance on fossil fuels and government support.

Biodiesel and renewable diesel’s economic benefits growing

In November, Clean Fuels Alliance America released a new study conducted by LMC International, “Economic Impact of Biodiesel on the U.S. Economy 2022.” The study measures the overall economic impact associated with the 3.1-billion-gallon U.S. market for biodiesel, renewable diesel and sustainable aviation fuel in 2021. It evaluates direct, indirect and induced impacts across the entire value chain from raw material production, collection and processing to fuel production and distribution. You can find a summary of the findings here.