バイオリファイナリー市場 : 2027年までの世界予測

Biorefinery Market - Global Forecast To 2029

バイオリファイナリー市場 - 技術（産業バイオテクノロジー、物理化学、熱化学）、製品（エネルギー、材料）、タイプ［第一世代（トウモロコシ、植物油、サトウキビ）、第二世代、第三世代］、地域別 - 2029年までの世界予測

Biorefinery Market by Technology (Industrial Biotechnology, Physico-Chemical, Thermochemical), Product (Energy, Material), Type (First Generation (Corn, Vegetable Oils, Sugarcane), Second Generation, Third Generation) and Region - Global Forecast to 2029

商品番号 : SMB-25494

出版社	MarketsandMarkets
出版年月	2024年9月
ページ数	255
図表数	280
価格タイプ	シングルユーザライセンス
価格	USD 4,950
種別	英文調査報告書

バイオリファイナリー市場は、2024年に2,120億5,000万米ドル規模になることが見込まで、予測期間中に年平均成長率（CAGR）8.2%で成長し、2029年までに3,146億2,000万米ドルに達するとMarketsandMarketsでは予測しています。

Report Overview

The biorefinery market is expected to grow from an estimated USD 212.05 billion in 2024 to USD 314.62 billion by 2029, at a CAGR of 8.2% during the forecast period.

Biorefineries are at the forefront of efforts to reduce greenhouse gas (GHG) emissions as renewable biomass is converted into biofuels and bio-based products. Biorefining is one of the directions adopted by governments and firms, which strive to reduce their carbon footprint and achieve net-zero emission targets. Rapid decreases in fossil fuel usage and the development of more sustainable alternatives for the production of energy, chemicals, and materials require biorefineries to form the backbone of much of this development.

バイオリファイナリー市場 : 2027年までの世界予測 — Biorefinery Market – Global Forecast To 2029

“Industrial Biotechnology, by technology, is expected to be the largest-growing segment from 2024 to 2029.”

The industrial biotechnology segment is expected to largest growing in the biorefinery market. Integration of industrial biotechnology is pivotal in biorefineries, facilitating the sustainable and efficient conversion of biomass into fuels, chemicals, and materials. It involves the use of enzymes, microorganisms, and biological processes to break down complex organic matter, such as agricultural residues, energy crops, and organic waste, into simpler compounds that can be transformed into valuable products. Enzymatic hydrolysis, for example, is employed to convert lignocellulosic biomass into fermentable sugars, which can then be fermented by engineered microbes to produce biofuels like ethanol, bioplastics, or other bio-based chemicals. Advances in synthetic biology and metabolic engineering allow for the optimization of these microbial pathways, increasing yield and reducing costs. Additionally, biocatalysis offers a greener alternative to traditional chemical processes, enabling more selective and environmentally friendly transformations.

“Second Generation, by type, is expected to be the fastest-growing market from 2024 to 2029”

It is anticipated that second-generation biorefineries will be pivotal to satisfy rising future energy demands, while enhancing sustainability and minimizing ecological impacts of fuel production. Various policy measures such as U.S. Renewable Fuel Standard (RFS2); European Union Renewable Energy Directive (RED II) develop promotional niche markets for advanced biofuels by establishing a quota for second-generation biofuels. This incentivizes industry investment into conversion technologies for non-food biomass.

バイオリファイナリー市場 : 2027年までの世界予測 Investment — Biorefinery Market – Investment

“Europe is expected to be the fastest-growing region in the biorefinery market.”

Germany, France, Netherlands, Italy, Spain, UK and other similar countries are rapidly advancing biorefinery technologies and developing bio-based chemicals and biofuels. Europe has the fastest growing market in the biorefinery domain mainly due to strong government policies such as the EU’s Renewable Energy Directive (RED II), which contains requirements for renewable energy targets and biofuels. The region is very focused on reducing carbon emissions, as well as the principles of the circular economy, which has fostered investments in bio-based chemicals and fuels. Part of this foundation for the development of biorefinery technologies and biorefinery industries in Europe is that it has a lot of agricultural residues and forestry biomass byproducts that can be utilized, as well as relatively advanced infrastructure compared to other regions of the world when considering sustainable practices. For instance, also, the French Government initiated a blending mandate for companies to combine gasoline or diesel with biofuels. That is a specific directive requiring the use of biofuels in a blend throughout France. The proportion of biofuels in these blends has increased significantly over the years and will be further increased based on targets for reducing greenhouse gas emissions over time into the year 2030.

In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the biorefinery market.

By Company Type: Tier 1- 60%, Tier 2- 25%, and Tier 3- 15%
By Designation: C-level Executives – 35%, Director Level- 25%, and Others- 40%
By Region: North America – 35%, Europe – 25%, Asia Pacific – 30%, and Rest of the World – 10%

Note: Other designations include sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined based on their total revenue as of 2023. Tier 1: USD 1 billion and above, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: <USD 500 million.

The biorefinery market is dominated by a few major players that have a wide regional presence. The leading players in the biorefinery market are Chevron (US), ADM (US), Valero (US), Neste (Finland), and TotalEnergies (France), among others. The major strategy adopted by the players includes new product launches, partnerships, collaboration, mergers, and investments & expansions.

バイオリファイナリー市場 : 2027年までの世界予測 ecosystem — Biorefinery Market – ecosystem

Research Coverage:

The report defines, describes, and forecasts the biorefinery market by technology, type, product, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; Contracts, partnerships, agreements. new product launches, mergers and acquisitions, and recent developments associated with the biorefinery market. Competitive analysis of upcoming startups in the biorefinery market ecosystem is covered in this report.

Reasons to buy this report:

Reasons to buy this report The report will help the market leaders/new entrants biorefinery market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

Analysis of key drivers (Increasing demand for biofuels and bio-based products, government initiatives and increasing need for sustainability, and technological advancements in the biorefineries are just a few of the primary drivers propelling the biorefinery market), restraints (Lack of product uncertainties, as well as costly initial capital expenditure, limit the market’s expansion), opportunities (development of advanced biofuels and circular economy initiatives), and challenges (variable and high cost of feedstock and competition from traditional fuels) influencing the growth.
Product Development/ Innovation: The biorefinery market is seeing substantial product development and innovation, driven by rising environmental concerns. Companies are investing in improved biorefinery technology to produce advanced biofuels and bio-based products.
Market Development: In February 2022, Versalis announced the beginning of the production of bioethanol from lignocellulosic biomass at Crescentino (Vercelli).
Market Diversification: In July 2024, Neste and HELLENiQ ENERGY, one of Southeast Europe’s leading energy groups, collaborated to deliver blended Neste MY Sustainable Aviation Fuel to HELLENiQ ENERGY’s facilities in Thessaloniki.
Competitive Assessment: In-depth analysis of market share, growth plans, and service offerings of top companies in the stations market, including Chevron (US), ADM (US), Valero (US), Neste (Finland), and TotalEnergies (France), among others.

1 INTRODUCTION 22

1.1 STUDY OBJECTIVES 22

1.2 MARKET DEFINITION 22

1.3 STUDY SCOPE 23

1.3.1 MARKETS COVERED AND REGIONAL SCOPE 23

1.3.2 INCLUSIONS AND EXCLUSIONS 24

1.3.3 YEARS CONSIDERED 25

1.4 CURRENCY CONSIDERED 25

1.5 UNITS CONSIDERED 25

1.6 LIMITATIONS 25

1.7 STAKEHOLDERS 26

1.8 SUMMARY OF CHANGES 26

2 RESEARCH METHODOLOGY 28

2.1 RESEARCH APPROACH 28

2.1.1 SECONDARY DATA 29

2.1.1.1 List of major secondary sources 29

2.1.1.2 Key data from secondary sources 29

2.1.2 PRIMARY DATA 29

2.1.2.1 List of primary interview participants 30

2.1.2.2 Key primary insights 30

2.1.2.3 Breakdown of primaries 30

2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 32

2.3 MARKET SIZE ESTIMATION METHODOLOGY 33

2.3.1 BOTTOM-UP APPROACH 33

2.3.2 TOP-DOWN APPROACH 34

2.4 DEMAND-SIDE ANALYSIS 35

2.4.1 ASSUMPTIONS FOR DEMAND-SIDE ANALYSIS 35

2.4.2 CALCULATIONS FOR DEMAND-SIDE ANALYSIS 36

2.5 SUPPLY-SIDE ANALYSIS 36

2.5.1 ASSUMPTIONS FOR SUPPLY-SIDE ANALYSIS 36

2.5.2 CALCULATIONS FOR SUPPLY-SIDE ANALYSIS 37

2.6 MARKET GROWTH RATE FORECAST 38

2.7 RESEARCH LIMITATIONS 38

2.8 RISK ANALYSIS 38

3 EXECUTIVE SUMMARY 39

4 PREMIUM INSIGHTS 43

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BIOREFINERY MARKET 43

4.2 BIOREFINERY MARKET, BY REGION 44

4.3 BIOREFINERY MARKET, BY TECHNOLOGY 44

4.4 BIOREFINERY MARKET, BY PRODUCT 45

4.5 BIOREFINERY MARKET, BY TYPE 45

4.6 BIOREFINERY MARKET, BY PRODUCT AND COUNTRY 46

5 MARKET OVERVIEW 47

5.1 INTRODUCTION 47

5.2 MARKET DYNAMICS 47

5.2.1 DRIVERS 48

5.2.1.1 Increasing demand for bio-based products 48

5.2.1.2 Technological advancements 49

5.2.1.3 Government initiatives and increasing need for

environmental sustainability 49

5.2.2 RESTRAINTS 51

5.2.2.1 Requirement of high initial capital investments 51

5.2.2.2 Lack of process efficiency and product consistency 51

5.2.3 OPPORTUNITIES 52

5.2.3.1 Development of advanced biofuels 52

5.2.3.2 Circular economy initiatives 53

5.2.4 CHALLENGES 54

5.2.4.1 Variable and high cost of feedstock 54

5.2.4.2 Competition from traditional fossil fuels 55

5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 55

5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN

BIOREFINERY MARKET 55

5.4 PRICING ANALYSIS 56

5.4.1 AVERAGE SELLING PRICE TREND, BY REGION (USD/LITER) 56

5.4.2 INDICATIVE PRICING ANALYSIS, BY PRODUCT, 2020−2023 57

5.5 VALUE CHAIN ANALYSIS 58

5.5.1 FEEDSTOCK SUPPLIERS 59

5.5.2 TECHNOLOGY PROVIDERS 59

5.5.3 BIOREFINERY OWNERS/OPERATORS 59

5.5.4 DISTRIBUTORS 59

5.5.5 END USERS 59

5.6 ECOSYSTEM ANALYSIS 60

5.7 INVESTMENT AND FUNDING SCENARIO 62

5.8 TECHNOLOGY ANALYSIS 62

5.8.1 KEY TECHNOLOGIES 62

5.8.1.1 Hybrid biorefineries technology 62

5.8.1.2 Supercritical water gasification 62

5.8.2 COMPLEMENTARY TECHNOLOGIES 63

5.8.2.1 Advanced catalysts technology 63

5.8.2.2 Modular biorefineries technology 63

5.8.3 ADJACENT TECHNOLOGIES 64

5.8.3.1 Modular bioprocess intensification technology 64

5.8.3.2 Modular electro-fermentation technology 64

5.9 PATENT ANALYSIS 65

5.10 TRADE ANALYSIS 67

5.10.1 IMPORT SCENARIO (HS CODE 3826) 67

5.10.2 EXPORT SCENARIO (HS CODE 3826) 68

5.11 KEY CONFERENCES AND EVENTS, 2024–2025 69

5.12 CASE STUDY ANALYSIS 70

5.12.1 BIOENERGY PRODUCTION USING WASTE FROM INDUSTRIAL

PROCESSING OF ORANGES 70

5.12.1.1 Problem statement 70

5.12.1.2 Solution 70

5.12.2 SUSTAINABILITY ASSESSMENT OF GREEN BIOREFINERIES IN

DANISH AGRICULTURE 71

5.12.2.1 Problem Statement 71

5.12.2.2 Solution 71

5.12.3 FOOD WASTE (FW) MANAGEMENT ENHANCING EMERGING

BIOECONOMY IN CHINA 71

5.12.3.1 Problem statement 71

5.12.3.2 Solution 71

5.13 GLOBAL MACROECONOMIC OUTLOOK 72

5.13.1 GDP 72

5.13.2 RESEARCH AND DEVELOPMENT EXPENDITURE 72

5.13.3 INVESTMENTS IN BIOREFINING TECHNOLOGY 72

5.14 REGULATORY LANDSCAPE 73

5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 73

5.14.2 BIOREFINERY MARKET: REGULATORY FRAMEWORK 77

5.15 PORTER’S FIVE FORCES ANALYSIS 78

5.15.1 THREAT OF SUBSTITUTES 79

5.15.2 BARGAINING POWER OF SUPPLIERS 79

5.15.3 BARGAINING POWER OF BUYERS 79

5.15.4 THREAT OF NEW ENTRANTS 79

5.15.5 INTENSITY OF COMPETITIVE RIVALRY 79

5.16 KEY STAKEHOLDERS AND BUYING CRITERIA 80

5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS 80

5.16.2 BUYING CRITERIA 81

5.17 IMPACT OF GENERATIVE AI/AI IN BIOREFINERY MARKET 81

5.17.1 INTRODUCTION 81

5.17.2 ADOPTION OF GENERATIVE AI/AI APPLICATIONS IN BIOREFINERY MARKET 82

5.17.3 IMPACT OF GENERATIVE AI/AI, BY PRODUCT/REGION 82

5.17.4 IMPACT OF AI IN BIOREFINERY MARKET, BY REGION 83

6 BIOREFINERY MARKET, BY TECHNOLOGY 84

6.1 INTRODUCTION 85

6.2 INDUSTRIAL BIOTECHNOLOGY 86

6.2.1 OFFERS BETTER ECONOMIC VIABILITY AND WASTE MANAGEMENT PRACTICE 86

6.3 THERMOCHEMICAL 87

6.3.1 EUROPE TO BE FASTEST-GROWING MARKET FOR

THERMOCHEMICAL TECHNOLOGY 87

6.4 PHYSICO-CHEMICAL 88

6.4.1 TECHNOLOGICAL MATURITY OF PHYSICO-CHEMICAL

SEGMENT TO DRIVE MARKET 88

7 BIOREFINERY MARKET, BY PRODUCT 90

7.1 INTRODUCTION 91

7.2 ENERGY DRIVEN 92

7.2.1 CHANGES IN GOVERNMENT POLICIES LEADING TO INCREASED INVESTMENTS IN BIOREFINERY TO DRIVE DEMAND 92

7.2.1.1 Bioethanol 95

7.2.1.2 Biodiesel 96

7.2.1.3 Renewable diesel 97

7.2.1.4 Sustainable aviation fuel 98

7.2.1.5 Biomethane 99

7.2.1.6 Others 100

7.3 MATERIAL DRIVEN 101

7.3.1 RISING DEMAND FOR ANIMAL FEED AND INCREASING BIOBASED PRODUCT USAGE IN INDUSTRIAL AND COMMERCIAL SECTORS TO DRIVE MARKET 101

7.3.1.1 Chemicals 102

7.3.1.2 Bio-naphtha 103

7.3.1.3 Animal feed 103

7.3.1.4 Others 103

8 BIOREFINERY MARKET, BY TYPE 104

8.1 INTRODUCTION 105

8.2 FIRST GENERATION 106

8.2.1 EASY AVAILABILITY OF RAW MATERIALS TO DRIVE DEMAND 106

8.2.1.1 Corn 108

8.2.1.2 Vegetable oils 108

8.2.1.3 Sugarcane 108

8.2.1.4 Others 109

8.3 SECOND GENERATION 109

8.3.1 LOW PRODUCTION COST TO DRIVE DEMAND FOR

SECOND-GENERATION BIOFUELS 109

8.3.1.1 Used cooking oil 111

8.3.1.2 Residues 112

8.3.1.3 Others 112

8.4 THIRD GENERATION 112

8.4.1 RISE IN DEMAND FOR ALGAE-BASED BIOFUEL TO DRIVE MARKET 112

8.4.1.1 Algae 114

8.4.1.2 Others 115

9 BIOREFINERY MARKET, BY REGION 116

9.1 INTRODUCTION 117

9.2 NORTH AMERICA 118

9.2.1 US 121

9.2.1.1 Dominant market for biorefinery in North America 121

9.2.2 CANADA 122

9.2.2.1 Investments in biofuel and goals for reducing emissions

to drive market 122

9.3 EUROPE 123

9.3.1 GERMANY 127

9.3.1.1 Germany to leads European biorefinery during forecast period 127

9.3.2 FRANCE 128

9.3.2.1 Government policies and availability of biomass to drive market 128

9.3.3 ITALY 129

9.3.3.1 Abundant availability of agricultural wastes to support market growth 129

9.3.4 NETHERLANDS 130

9.3.4.1 Government policies on development of biofuels sector to

drive market growth 130

9.3.5 SPAIN 131

9.3.5.1 Spain witnessing increasing number of biorefinery projects 131

9.3.6 UK 132

9.3.6.1 Increasing focus on circular economy to boost market growth 132

9.3.7 POLAND 133

9.3.7.1 Increasing demand for biofuel and implementation of renewable energy policies to drive market 133

9.3.8 REST OF EUROPE 134

9.4 ASIA PACIFIC 134

9.4.1 CHINA 137

9.4.1.1 Increasing biofuels and SAF production to drive market 137

9.4.2 INDONESIA 138

9.4.2.1 Availability of biomass resources and government incentives

to drive market 138

9.4.3 THAILAND 139

9.4.3.1 Physico-chemical technology to be fastest-growing segment during forecast period 139

9.4.4 INDIA 140

9.4.4.1 Government initiatives and partnerships between key players to propel demand 140

9.4.5 REST OF ASIA PACIFIC 141

9.5 ROW 142

9.5.1 BRAZIL 144

9.5.1.1 Implementation of new biorefinery projects to fuel demand 144

9.5.2 OTHER COUNTRIES 145

10 COMPETITIVE LANDSCAPE 147

10.1 INTRODUCTION 147

10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024 147

10.3 REVENUE ANALYSIS, 2019–2023 149

10.4 MARKET SHARE ANALYSIS, 2023 149

10.5 COMPANY VALUATION AND FINANCIAL METRICS 152

10.6 BRAND/PRODUCT COMPARISON 154

10.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 155

10.7.1 STARS 155

10.7.2 EMERGING LEADERS 155

10.7.3 PERVASIVE PLAYERS 155

10.7.4 PARTICIPANTS 155

10.7.5 COMPANY FOOTPRINT, KEY PLAYERS, 2023 157

10.7.5.1 Company footprint 157

10.7.5.2 Region footprint 159

10.7.5.3 Product footprint 160

10.7.5.4 Type footprint 161

10.7.5.5 Technology footprint 162

10.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 163

10.8.1 PROGRESSIVE COMPANIES 163

10.8.2 RESPONSIVE COMPANIES 163

10.8.3 DYNAMIC COMPANIES 163

10.8.4 STARTING BLOCKS 163

10.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 165

10.8.5.1 Detailed List of key startups/SMEs 165

10.8.5.2 Competitive benchmarking of key startups/SMEs 165

10.9 COMPETITIVE SCENARIO 166

10.9.1 PRODUCT LAUNCHES 166

10.9.2 DEALS 167

10.9.3 EXPANSIONS 168

10.9.4 OTHER DEVELOPMENTS 170

11 COMPANY PROFILES 171

11.1 KEY PLAYERS 171

11.1.1 CHEVRON 171

11.1.1.1 Business overview 171

11.1.1.2 Products/Solutions/Services offered 172

11.1.1.3 Recent developments 174

11.1.1.3.1 Product launches 174

11.1.1.3.2 Deals 174

11.1.1.3.3 Expansions 175

11.1.1.4 MnM view 176

11.1.1.4.1 Key strengths/Right to win 176

11.1.1.4.2 Strategic choices 176

11.1.1.4.3 Weaknesses and competitive threats 176

11.1.2 ADM 177

11.1.2.1 Business overview 177

11.1.2.2 Products/Services/Solutions offered 178

11.1.2.3 Recent developments 179

11.1.2.3.1 Deals 179

11.1.2.4 MnM view 180

11.1.2.4.1 Key strengths/Right to win 180

11.1.2.4.2 Strategic choices 180

11.1.2.4.3 Weaknesses and competitive threats 181

11.1.3 VALERO 182

11.1.3.1 Business overview 182

11.1.3.2 Products/Services/Solutions offered 183

11.1.3.3 Recent developments 184

11.1.3.3.1 Deals 184

11.1.3.4 MnM view 185

11.1.3.4.1 Key strengths/Right to win 185

11.1.3.4.2 Strategic choices 185

11.1.3.4.3 Weaknesses and competitive threats 185

11.1.4 NESTE 186

11.1.4.1 Business overview 186

11.1.4.2 Products/Solutions/Services offered 187

11.1.4.3 Recent developments 188

11.1.4.3.1 Deals 188

11.1.4.4 MnM view 189

11.1.4.4.1 Key strengths/Right to win 189

11.1.4.4.2 Strategic choices 189

11.1.4.4.3 Weaknesses and competitive threats 189

11.1.5 TOTALENERGIES 190

11.1.5.1 Business overview 190

11.1.5.2 Products/Services/Solutions offered 191

11.1.5.3 Recent developments 192

11.1.5.3.1 Deals 192

11.1.5.3.2 Expansions 194

11.1.5.3.3 Other developments 194

11.1.5.4 MnM view 195

11.1.5.4.1 Key strengths/Right to win 195

11.1.5.4.2 Strategic choices 195

11.1.5.4.3 Weaknesses and competitive threats 195

11.1.6 BP P.L.C. 196

11.1.6.1 Business overview 196

11.1.6.2 Products/Services/Solutions offered 197

11.1.6.3 Recent developments 198

11.1.6.3.1 Deals 198

11.1.6.3.2 Other developments 199

11.1.7 HONEYWELL INTERNATIONAL INC. 201

11.1.7.1 Business overview 201

11.1.7.2 Products/Services/Solutions offered 202

11.1.7.3 Recent developments 203

11.1.7.3.1 Product launches 203

11.1.7.3.2 Deals 204

11.1.8 WILMAR INTERNATIONAL LTD. 205

11.1.8.1 Business overview 205

11.1.8.2 Products/Services/Solutions offered 206

11.1.9 CLARIANT 207

11.1.9.1 Business overview 207

11.1.9.2 Products/Services/Solutions offered 208

11.1.9.3 Recent developments 208

11.1.9.3.1 Deals 208

11.1.9.3.2 Expansions 209

11.1.9.3.3 Other developments 210

11.1.10 GREEN PLAINS INC. 211

11.1.10.1 Business overview 211

11.1.10.2 Products/Solutions/Services offered 212

11.1.10.3 Recent developments 213

11.1.10.3.1 Product launches 213

11.1.10.3.2 Deals 213

11.1.10.3.3 Expansions 214

11.1.10.3.4 Other developments 215

11.1.11 RAÍZEN 216

11.1.11.1 Business overview 216

11.1.11.2 Products/Solutions/Services offered 216

11.1.11.3 Recent developments 217

11.1.11.3.1 Expansions 217

11.1.12 BORREGAARD AS 218

11.1.12.1 Business overview 218

11.1.12.2 Products/Solutions/Services offered 220

11.1.12.3 Recent developments 221

11.1.12.3.1 Developments 221

11.1.13 VERSALIS S.P.A. 222

11.1.13.1 Business overview 222

11.1.13.2 Products/Solutions/Services offered 223

11.1.13.3 Recent developments 224

11.1.13.3.1 Product launches 224

11.1.13.3.2 Deals 224

11.1.13.3.3 Expansions 225

11.1.14 GODAVARI BIOREFINERIES LTD. 226

11.1.14.1 Business overview 226

11.1.14.2 Products/Solutions/Services offered 228

11.1.14.3 Recent developments 229

11.1.14.3.1 Expansions 229

11.1.15 SEKAB 230

11.1.15.1 Business overview 230

11.1.15.2 Products/Solutions/Services offered 230

11.1.15.3 Recent developments 232

11.1.15.3.1 Deals 232

11.1.15.3.2 Other developments 232

11.1.16 CARGILL, INCORPORATED 233

11.1.16.1 Business overview 233

11.1.16.2 Products/Solutions/Services offered 234

11.1.16.3 Recent developments 235

11.1.16.3.1 Deals 235

11.1.16.3.2 Expansions 236

11.2 OTHER PLAYERS 237

11.2.1 COSUN 237

11.2.2 NOVOZYMES A/S 238

11.2.3 CHINA PETROCHEMICAL CORPORATION 239

11.2.4 SGP BIOENERGY HOLDINGS, LLC 239

11.2.5 AFYREN 240

11.2.6 UPM 241

11.2.7 VIVERGO FUELS 242

11.2.8 CHEMPOLIS 243

11.2.9 BTS BIOGAS SRL/GMBH 244

12 APPENDIX 245

12.1 INSIGHTS FROM INDUSTRY EXPERTS 245

12.2 DISCUSSION GUIDE 246

12.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 251

12.4 CUSTOMIZATION OPTIONS 253

12.5 RELATED REPORTS 253

12.6 AUTHOR DETAILS 254

LIST OF TABLES

TABLE 1 BIOREFINERY MARKET SNAPSHOT 39

TABLE 2 AVERAGE SELLING PRICE OF BIOFUELS, BY REGION (USD/LITER) 56

TABLE 3 INDICATIVE PRICING ANALYSIS, BY PRODUCT, 2020–2023 (USD/LITER) 57

TABLE 4 AVERAGE SELLING PRICE TREND OF BIOMETHANE, BY REGION,

2020–2023 (USD/CUBIC METER) 57

TABLE 5 BIOREFINERY MARKET: ROLE OF COMPANIES IN ECOSYSTEM 61

TABLE 6 LIST OF PATENTS, 2020−2024 66

TABLE 7 IMPORT SCENARIO FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD) 67

TABLE 8 EXPORT SCENARIO FOR HS CODE 3826-COMPLIANT PRODUCTS, BY COUNTRY, 2021–2023 (USD) 68

TABLE 9 BIOREFINERY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 69

TABLE 10 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 73

TABLE 11 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 74

TABLE 12 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 75

TABLE 13 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76

TABLE 14 SOUTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 76

TABLE 15 BIOREFINERY MARKET: REGULATIONS 77

TABLE 16 BIOREFINERY MARKET: PORTER’S FIVE FORCES ANALYSIS 78

TABLE 17 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR

TOP TWO PRODUCTS 80

TABLE 18 KEY BUYING CRITERIA FOR TOP TWO PRODUCTS 81

TABLE 19 BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 85

TABLE 20 BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 85

TABLE 21 INDUSTRIAL BIOTECHNOLOGY: BIOREFINERY MARKET, BY REGION,

2020–2023 (USD MILLION) 86

TABLE 22 INDUSTRIAL BIOTECHNOLOGY: BIOREFINERY MARKET, BY REGION,

2024–2029 (USD MILLION) 87

TABLE 23 THERMOCHEMICAL TECHNOLOGY: BIOREFINERY MARKET, BY REGION,

2020–2023 (USD MILLION) 88

TABLE 24 THERMOCHEMICAL TECHNOLOGY: BIOREFINERY MARKET, BY REGION,

2024–2029 (USD MILLION) 88

TABLE 25 PHYSICO-CHEMICAL TECHNOLOGY: BIOREFINERY MARKET, BY REGION,

2020–2023 (USD MILLION) 89

TABLE 26 PHYSICO-CHEMICAL TECHNOLOGY: BIOREFINERY MARKET, BY REGION,

2024–2029 (USD MILLION) 89

TABLE 27 BIOREFINERY MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 91

TABLE 28 BIOREFINERY MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 91

TABLE 29 ENERGY DRIVEN: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION) 93

TABLE 30 ENERGY DRIVEN: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION) 93

TABLE 31 ENERGY DRIVEN: BIOREFINERY MARKET, BY PRODUCT TYPE,

2020–2023 (USD MILLION) 93

TABLE 32 ENERGY DRIVEN: BIOREFINERY MARKET, BY PRODUCT TYPE,

2024–2029 (USD MILLION) 94

TABLE 33 ENERGY DRIVEN: BIOREFINERY MARKET, BY PRODUCT TYPE,

2020–2023 (MILLION LITERS) 94

TABLE 34 ENERGY DRIVEN: BIOREFINERY MARKET, BY PRODUCT TYPE,

2024–2029 (MILLION LITERS) 94

TABLE 35 BIOMETHANE: BIOREFINERY MARKET, BY REGION,

2020–2023 (BILLION CUBIC METER) 95

TABLE 36 BIOMETHANE: BIOREFINERY MARKET, BY REGION,

2024–2029 (BILLION CUBIC METER) 95

TABLE 37 BIOETHANOL: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION) 96

TABLE 38 BIOETHANOL: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION) 96

TABLE 39 BIODIESEL: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION) 97

TABLE 40 BIODIESEL: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION) 97

TABLE 41 RENEWABLE DIESEL: BIOREFINERY MARKET, BY REGION,

2020–2023 (USD MILLION) 97

TABLE 42 RENEWABLE DIESEL: BIOREFINERY MARKET, BY REGION,

2024–2029 (USD MILLION) 98

TABLE 43 SUSTAINABLE AVIATION FUEL: BIOREFINERY MARKET, BY REGION,

2020–2023 (USD MILLION) 98

TABLE 44 SUSTAINABLE AVIATION FUEL: BIOREFINERY MARKET, BY REGION,

2024–2029 (USD MILLION) 99

TABLE 45 BIOMETHANE: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION) 99

TABLE 46 BIOMETHANE: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION) 100

TABLE 47 OTHERS: BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION) 100

TABLE 48 OTHERS: BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION) 101

TABLE 49 MATERIAL DRIVEN: BIOREFINERY MARKET, BY REGION,

2020–2023 (USD MILLION) 102

TABLE 50 MATERIAL DRIVEN: BIOREFINERY MARKET, BY REGION,

2024–2029 (USD MILLION) 102

TABLE 51 BIOREFINERY MARKET, BY TYPE, 2020–2023 (USD MILLION) 105

TABLE 52 BIOREFINERY MARKET, BY TYPE, 2024–2029 (USD MILLION) 105

TABLE 53 FIRST GENERATION: BIOREFINERY MARKET, BY FEEDSTOCK,

2020–2023 (USD MILLION) 107

TABLE 54 FIRST GENERATION: BIOREFINERY MARKET, BY FEEDSTOCK,

2024–2029 (USD MILLION) 107

TABLE 55 FIRST GENERATION: BIOREFINERY MARKET, BY REGION,

2020–2023 (USD MILLION) 107

TABLE 56 FIRST GENERATION: BIOREFINERY MARKET, BY REGION,

2024–2029 (USD MILLION) 108

TABLE 57 SECOND GENERATION: BIOREFINERY MARKET, BY FEEDSTOCK,

2020–2023 (USD MILLION) 110

TABLE 58 SECOND GENERATION: BIOREFINERY MARKET, BY FEEDSTOCK,

2024–2029 (USD MILLION) 111

TABLE 59 SECOND GENERATION: BIOREFINERY MARKET, BY REGION,

2020–2023 (USD MILLION) 111

TABLE 60 SECOND GENERATION: BIOREFINERY MARKET, BY REGION,

2024–2029 (USD MILLION) 111

TABLE 61 THIRD GENERATION: BIOREFINERY MARKET, BY FEEDSTOCK,

2020–2023 (USD MILLION) 113

TABLE 62 THIRD GENERATION: BIOREFINERY MARKET, BY FEEDSTOCK,

2024–2029 (USD MILLION) 113

TABLE 63 THIRD GENERATION: BIOREFINERY MARKET, BY REGION,

2020–2023 (USD MILLION) 114

TABLE 64 THIRD GENERATION: BIOREFINERY MARKET, BY REGION,

2024–2029 (USD MILLION) 114

TABLE 65 BIOREFINERY MARKET, BY REGION, 2020–2023 (USD MILLION) 117

TABLE 66 BIOREFINERY MARKET, BY REGION, 2024–2029 (USD MILLION) 118

TABLE 67 NORTH AMERICA: BIOREFINERY MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION) 119

TABLE 68 NORTH AMERICA: BIOREFINERY MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION) 120

TABLE 69 NORTH AMERICA: BIOREFINERY MARKET, BY PRODUCT,

2020–2023 (USD MILLION) 120

TABLE 70 NORTH AMERICA: BIOREFINERY MARKET, BY PRODUCT,

2024–2029 (USD MILLION) 120

TABLE 71 NORTH AMERICA: BIOREFINERY MARKET, BY TYPE, 2020–2023 (USD MILLION) 120

TABLE 72 NORTH AMERICA: BIOREFINERY MARKET, BY TYPE, 2024–2029 (USD MILLION) 121

TABLE 73 NORTH AMERICA: BIOREFINERY MARKET, BY COUNTRY,

2020–2023 (USD MILLION) 121

TABLE 74 NORTH AMERICA: BIOREFINERY MARKET, BY COUNTRY,

2024–2029 (USD MILLION) 121

TABLE 75 US: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 122

TABLE 76 US: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 122

TABLE 77 CANADA: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 123

TABLE 78 CANADA: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 123

TABLE 79 EUROPE: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 125

TABLE 80 EUROPE: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 125

TABLE 81 EUROPE: BIOREFINERY MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 125

TABLE 82 EUROPE: BIOREFINERY MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 125

TABLE 83 EUROPE: BIOREFINERY MARKET, BY TYPE, 2020–2023 (USD MILLION) 126

TABLE 84 EUROPE: BIOREFINERY MARKET, BY TYPE, 2024–2029 (USD MILLION) 126

TABLE 85 EUROPE: BIOREFINERY MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 126

TABLE 86 EUROPE: BIOREFINERY MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 127

TABLE 87 GERMANY: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 128

TABLE 88 GERMANY: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 128

TABLE 89 FRANCE: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 129

TABLE 90 FRANCE: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 129

TABLE 91 ITALY: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 129

TABLE 92 ITALY: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 130

TABLE 93 NETHERLANDS: BIOREFINERY MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION) 130

TABLE 94 NETHERLANDS: BIOREFINERY MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION) 131

TABLE 95 SPAIN: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 131

TABLE 96 SPAIN: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 132

TABLE 97 UK: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 132

TABLE 98 UK: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 132

TABLE 99 POLAND: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 133

TABLE 100 POLAND: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 133

TABLE 101 REST OF EUROPE: BIOREFINERY MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION) 134

TABLE 102 REST OF EUROPE: BIOREFINERY MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION) 134

TABLE 103 ASIA PACIFIC: BIOREFINERY MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION) 135

TABLE 104 ASIA PACIFIC: BIOREFINERY MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION) 135

TABLE 105 ASIA PACIFIC: BIOREFINERY MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 135

TABLE 106 ASIA PACIFIC: BIOREFINERY MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 136

TABLE 107 ASIA PACIFIC: BIOREFINERY MARKET, BY TYPE, 2020–2023 (USD MILLION) 136

TABLE 108 ASIA PACIFIC: BIOREFINERY MARKET, BY TYPE, 2024–2029 (USD MILLION) 136

TABLE 109 ASIA PACIFIC: BIOREFINERY MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 136

TABLE 110 ASIA PACIFIC: BIOREFINERY MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 137

TABLE 111 CHINA: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 137

TABLE 112 CHINA: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 138

TABLE 113 INDONESIA: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 138

TABLE 114 INDONESIA: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 139

TABLE 115 THAILAND: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 140

TABLE 116 THAILAND: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 140

TABLE 117 INDIA: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 141

TABLE 118 INDIA: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 141

TABLE 119 REST OF ASIA PACIFIC: BIOREFINERY MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION) 142

TABLE 120 REST OF ASIA PACIFIC: BIOREFINERY MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION) 142

TABLE 121 ROW: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 142

TABLE 122 ROW: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 143

TABLE 123 ROW: BIOREFINERY MARKET, BY PRODUCT, 2020–2023 (USD MILLION) 143

TABLE 124 ROW: BIOREFINERY MARKET, BY PRODUCT, 2024–2029 (USD MILLION) 143

TABLE 125 ROW: BIOREFINERY MARKET, BY TYPE, 2020–2023 (USD MILLION) 143

TABLE 126 ROW: BIOREFINERY MARKET, BY TYPE, 2024–2029 (USD MILLION) 144

TABLE 127 ROW: BIOREFINERY MARKET, BY COUNTRY, 2020–2023 (USD MILLION) 144

TABLE 128 ROW: BIOREFINERY MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 144

TABLE 129 BRAZIL: BIOREFINERY MARKET, BY TECHNOLOGY, 2020–2023 (USD MILLION) 145

TABLE 130 BRAZIL: BIOREFINERY MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION) 145

TABLE 131 OTHER COUNTRIES: BIOREFINERY MARKET, BY TECHNOLOGY,

2020–2023 (USD MILLION) 145

TABLE 132 OTHER COUNTRIES: BIOREFINERY MARKET, BY TECHNOLOGY,

2024–2029 (USD MILLION) 146

TABLE 133 BIOREFINERY MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY PLAYERS, 2020–2024 147

TABLE 134 BIOREFINERY MARKET: DEGREE OF COMPETITION, 2023 150

TABLE 135 BIOREFINERY MARKET: REGION FOOTPRINT 159

TABLE 136 BIOREFINERY MARKET: PRODUCT FOOTPRINT 160

TABLE 137 BIOREFINERY MARKET: TYPE FOOTPRINT 161

TABLE 138 BIOREFINERY MARKET: TECHNOLOGY FOOTPRINT 162

TABLE 139 BIOREFINERY MARKET: LIST OF KEY STARTUPS/SMES 165

TABLE 140 BIOREFINERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 165

TABLE 141 BIOREFINERY MARKET: PRODUCT LAUNCHES, JANUARY 2020–AUGUST 2024 166

TABLE 142 BIOREFINERY MARKET: DEALS, JANUARY 2020–AUGUST 2024 167

TABLE 143 BIOREFINERY MARKET: EXPANSIONS, JANUARY 2020–AUGUST 2024 168

TABLE 144 BIOREFINERY MARKET: OTHER DEVELOPMENTS, JANUARY 2020–AUGUST 2024 170

TABLE 145 CHEVRON: COMPANY OVERVIEW 171

TABLE 146 CHEVRON: PRODUCTS/SERVICES/SOLUTIONS OFFERED 172

TABLE 147 CHEVRON: PRODUCT LAUNCHES 174

TABLE 148 CHEVRON: DEALS 174

TABLE 149 CHEVRON: EXPANSIONS 175

TABLE 150 ADM: COMPANY OVERVIEW 177

TABLE 151 ADM: PRODUCTS/SERVICES/SOLUTIONS OFFERED 178

TABLE 152 ADM: DEALS 179

TABLE 153 VALERO: COMPANY OVERVIEW 182

TABLE 154 VALERO: PRODUCTS/SERVICES/SOLUTIONS OFFERED 183

TABLE 155 VALERO: DEALS 184

TABLE 156 NESTE: COMPANY OVERVIEW 186

TABLE 157 NESTE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 187

TABLE 158 NESTE: DEALS 188

TABLE 159 TOTALENERGIES: COMPANY OVERVIEW 190

TABLE 160 TOTALENERGIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED 191

TABLE 161 TOTALENERGIES: DEALS 192

TABLE 162 TOTALENERGIES: EXPANSIONS 194

TABLE 163 TOTALENERGIES: OTHER DEVELOPMENTS 194

TABLE 164 BP P.L.C.: COMPANY OVERVIEW 196

TABLE 165 BP P.L.C.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 197

TABLE 166 BP P.L.C.: DEALS 198

TABLE 167 BP P.L.C.: OTHER DEVELOPMENTS 199

TABLE 168 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 201

TABLE 169 HONEYWELL INTERNATIONAL INC.:

PRODUCTS/SERVICES/SOLUTIONS OFFERED 202

TABLE 170 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES 203

TABLE 171 HONEYWELL INTERNATIONAL INC.: DEALS 204

TABLE 172 WILMAR INTERNATIONAL LTD.: COMPANY OVERVIEW 205

TABLE 173 WILMAR INTERNATIONAL LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 206

TABLE 174 CLARIANT: COMPANY OVERVIEW 207

TABLE 175 CLARIANT: PRODUCTS/SERVICES/SOLUTIONS OFFERED 208

TABLE 176 CLARIANT: DEALS 208

TABLE 177 CLARIANT: EXPANSIONS 209

TABLE 178 CLARIANT: OTHER DEVELOPMENTS 210

TABLE 179 GREEN PLAINS INC.: COMPANY OVERVIEW 211

TABLE 180 GREEN PLAINS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 212

TABLE 181 GREEN PLAINS INC.: PRODUCT LAUNCHES 213

TABLE 182 GREEN PLAINS INC.: DEALS 213

TABLE 183 GREEN PLAINS INC.: EXPANSIONS 214

TABLE 184 GREEN PLAINS INC.: OTHER DEVELOPMENTS 215

TABLE 185 RAÍZEN: COMPANY OVERVIEW 216

TABLE 186 RAÍZEN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 216

TABLE 187 RAÍZEN: EXPANSIONS 217

TABLE 188 BORREGAARD AS: COMPANY OVERVIEW 218

TABLE 189 BORREGAARD AS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 220

TABLE 190 BORREGAARD AS: DEVELOPMENTS 221

TABLE 191 VERSALIS S.P.A.: COMPANY OVERVIEW 222

TABLE 192 VERSALIS S.P.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 223

TABLE 193 VERSALIS S.P.A.: PRODUCT LAUNCHES 224

TABLE 194 VERSALIS S.P.A.: DEALS 224

TABLE 195 VERSALIS S.P.A.: EXPANSIONS 225

TABLE 196 GODAVARI BIOREFINERIES LTD.: COMPANY OVERVIEW 226

TABLE 197 GODAVARI BIOREFINERIES LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 228

TABLE 198 GODAVARI BIOREFINERIES LTD.: EXPANSIONS 229

TABLE 199 SEKAB: COMPANY OVERVIEW 230

TABLE 200 SEKAB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 230

TABLE 201 SEKAB: DEALS 232

TABLE 202 SEKAB: OTHER DEVELOPMENTS 232

TABLE 203 CARGILL, INCORPORATED: COMPANY OVERVIEW 233

TABLE 204 CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 234

TABLE 205 CARGILL, INCORPORATED: DEALS 235

TABLE 206 CARGILL, INCORPORATED: EXPANSIONS 236

TABLE 207 COSUN: BUSINESS OVERVIEW 237

TABLE 208 NOVOZYMES A/S: BUSINESS OVERVIEW 238

TABLE 209 CHINA PETROCHEMICAL CORPORATION: BUSINESS OVERVIEW 239

TABLE 210 SGP BIOENERGY HOLDINGS, LLC: BUSINESS OVERVIEW 239

TABLE 211 AFYREN: BUSINESS OVERVIEW 240

TABLE 212 UPM: BUSINESS OVERVIEW 241

TABLE 213 VIVERGO FUELS: BUSINESS OVERVIEW 242

TABLE 214 CHEMPOLIS: BUSINESS OVERVIEW 243

TABLE 215 BTS BIOGAS SRL/GMBH: BUSINESS OVERVIEW 244

LIST OF FIGURES

FIGURE 1 BIOREFINERY MARKET SEGMENTATION AND REGIONAL SCOPE 23

FIGURE 2 BIOREFINERY MARKET: RESEARCH DESIGN 28

FIGURE 3 BREAKDOWN OF PRIMARIES, BY COMPANY TYPE, DESIGNATION, AND REGION 31

FIGURE 4 BIOREFINERY MARKET: DATA TRIANGULATION 32

FIGURE 5 BIOREFINERY MARKET: BOTTOM-UP APPROACH 33

FIGURE 6 BIOREFINERY MARKET: TOP-DOWN APPROACH 34

FIGURE 7 METRICS CONSIDERED TO ASSESS DEMAND FOR BIOREFINERY 35

FIGURE 8 KEY METRICS CONSIDERED TO ASSESS SUPPLY OF BIOREFINERY 36

FIGURE 9 BIOREFINERY MARKET: MARKET SHARE ANALYSIS 37

FIGURE 10 BIOREFINERY MARKET: SUPPLY SIDE ANALYSIS 37

FIGURE 11 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE OF BIOREFINERY MARKET 40

FIGURE 12 INDUSTRIAL BIOTECHNOLOGY TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD 41

FIGURE 13 ENERGY DRIVEN SEGMENT TO DOMINATE BIOREFINERY MARKET

DURING FORECAST PERIOD 41

FIGURE 14 FIRST GENERATION SEGMENT TO LEAD BIOREFINERY MARKET

DURING FORECAST PERIOD 42

FIGURE 15 GOVERNMENT POLICIES TO DRIVE BIOREFINERY MARKET

DURING FORECAST PERIOD 43

FIGURE 16 EUROPE TO WITNESS FASTEST-GROWTH IN BIOREFINERY MARKET

DURING FORECAST PERIOD 44

FIGURE 17 INDUSTRIAL BIOTECHNOLOGY TO DOMINATE BIOREFINERY MARKET IN 2029 44

FIGURE 18 ENERGY DRIVEN SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE IN 2029 45

FIGURE 19 FIRST GENERATION SEGMENT TO ACCOUNT FOR DOMINANT SHARE OF BIOREFINERY MARKET 45

FIGURE 20 US TO DOMINATE BIOREFINERY MARKET IN NORTH AMERICA 46

FIGURE 21 BIOREFINERY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES 47

FIGURE 22 ANNUAL FINANCIAL COMMITMENTS IN BIOFUELS & BIOMASS 48

FIGURE 23 BIOFUELS AND RENEWABLE ELECTRICITY AVOIDED OIL DEMAND IN

TRANSPORT, MAIN CASE, 2022−2028 50

FIGURE 24 OPERATING AND PLANNED PRODUCTION CAPACITY FOR RENEWABLE BIODIESEL AND BIOJET FUELS, BY COMPANY TYPE, 2022−2030 50

FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 56

FIGURE 26 AVERAGE SELLING PRICE OF BIOFUELS, BY REGION (USD/LITER) 57

FIGURE 27 BIOREFINERY MARKET: VALUE CHAIN ANALYSIS 58

FIGURE 28 BIOREFINERY MARKET: ECOSYSTEM ANALYSIS 60

FIGURE 29 INVESTMENT AND FUNDING SCENARIO 62

FIGURE 30 PATENT APPLIED AND GRANTED, 2014–2023 65

FIGURE 31 IMPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS FOR

TOP 5 COUNTRIES, 2021−2023 68

FIGURE 32 EXPORT DATA FOR HS CODE 3826-COMPLIANT PRODUCTS FOR

TOP 5 COUNTRIES, 2021–2023 69

FIGURE 33 PORTER’S FIVE FORCES ANALYSIS FOR BIOREFINERY MARKET 78

FIGURE 34 INFLUENCE OF KEY STAKEHOLDERS IN BUYING PROCESS FOR

TOP TWO PRODUCTS 80

FIGURE 35 KEY BUYING CRITERIA FOR TOP TWO PRODUCTS 81

FIGURE 36 IMPACT OF GENERATIVE AI/AI IN BIOREFINERY PRODUCTS, BY REGION 82

FIGURE 37 BIOREFINERY MARKET, BY TECHNOLOGY, 2023 85

FIGURE 38 BIOREFINERY MARKET, BY PRODUCT, 2023 91

FIGURE 39 BIOREFINERY MARKET, BY TYPE, 2023 105

FIGURE 40 EUROPE TO BE FASTEST-GROWING BIOREFINERY MARKET

DURING FORECAST PERIOD 117

FIGURE 41 NORTH AMERICA: BIOREFINERY MARKET SNAPSHOT 119

FIGURE 42 EUROPE: BIOREFINERY MARKET SNAPSHOT 124

FIGURE 43 BIOREFINERY MARKET: REVENUE ANALYSIS, 2019–2023 149

FIGURE 44 BIOREFINERY MARKET SHARE ANALYSIS, 2023 150

FIGURE 45 COMPANY VALUATION, 2024 152

FIGURE 46 FINANCIAL METRICS 153

FIGURE 47 BRAND/PRODUCT COMPARISON 154

FIGURE 48 BIOREFINERY MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 156

FIGURE 49 BIOREFINERY MARKET: PRODUCT FOOTPRINT 157

FIGURE 50 BIOREFINERY MARKET: MARKET FOOTPRINT 158

FIGURE 51 BIOREFINERY MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 164

FIGURE 52 CHEVRON: COMPANY SNAPSHOT 172

FIGURE 53 ADM: COMPANY SNAPSHOT 178

FIGURE 54 VALERO: COMPANY SNAPSHOT 183

FIGURE 55 NESTE: COMPANY SNAPSHOT 187

FIGURE 56 TOTALENERGIES: COMPANY SNAPSHOT 191

FIGURE 57 BP P.L.C.: COMPANY SNAPSHOT 197

FIGURE 58 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 202

FIGURE 59 WILMAR INTERNATIONAL LTD.: COMPANY SNAPSHOT 206

FIGURE 60 CLARIANT: COMPANY SNAPSHOT 207

FIGURE 61 GREEN PLAINS INC.: COMPANY SNAPSHOT 211

FIGURE 62 BORREGAARD AS: COMPANY SNAPSHOT 219

FIGURE 63 VERSALIS S.P.A.: COMPANY SNAPSHOT 223

FIGURE 64 GODAVARI BIOREFINERIES LTD.: COMPANY SNAPSHOT 227

FIGURE 65 CARGILL, INCORPORATED: COMPANY SNAPSHOT 233