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3 months ago

Biodiesel Market By Blend, Feed Stock Type, Companies, Forecast By 2027

RenubResearch
RenubResearch
Biodiesel is a diesel fuel surrogate used in diesel engines. The feedstock is obtained from various feedstocks, including vegetable oils such as rapeseed oil, soybean oil and waste & residues. The multiple advantages of using biodiesel include its biodegradability, reduced dependency on conventional fuels, and reduced greenhouse gas emissions. The government policies and tax rebates to support the adoption of biodiesel also add to the growth of the biodiesel market globally. According to Renub Research, the Global Biodiesel Market is projected to reach US$ 50.1 Billion by 2027.

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