Europe Advanced Biodiesel Market Share 2022, Price, Growth, Trends and Future Dynamics Forecast 2028
The advanced biodiesel market in Europe is growing steadily, driven by the increasing demand for clean and sustainable energy sources. Biodiesel is a renewable fuel made from vegetable oils, animal fats, or recycled cooking oils, which can be used as a substitute for conventional diesel fuel. The European advanced biodiesel market is expected to grow at a compound annual growth rate (CAGR) of around 6% from 2021 to 2026. This growth is mainly driven by the European Union's Renewable Energy Directive II (RED II), which sets a target of 14% renewable energy in the transport sector by 2030. The major players in the European advanced biodiesel market include Neste, Total SE, Archer Daniels Midland Company, Renewable Energy Group, Inc., Cargill Inc., and Bunge Limited, among others. These companies are investing heavily in research and development to improve the quality of advanced biodiesel and to develop new production methods. The feedstock used for advanced biodiesel ...