The Global Renewable Fuel Market was valued at USD 178.3 Billion in 2024 and is projected to reach USD 289.6 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 8.4% during the forecast period (2024–2030). This robust expansion is driven by global decarbonization initiatives, biofuel blending mandates, and accelerating investments in next-generation renewable fuel technologies.

As governments and corporations commit to net-zero targets, renewable fuel producers are scaling innovative solutions across transportation, aviation, and industrial sectors. This report profiles the Top 10 Companies in the Renewable Fuel Industry—pioneers transforming waste streams and renewable feedstocks into low-carbon energy solutions.

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🔟 1. Neste Corporation

Headquarters: Espoo, Finland
Key Offering: Renewable Diesel, Sustainable Aviation Fuel, Renewable Polymers

Neste dominates global renewable diesel production with its NEXBTL technology, converting waste oils and residues into high-quality fuels. The Finnish company leads the SAF market with fuels that reduce lifecycle emissions by up to 80% versus conventional jet fuel.

Sustainability Leadership:

• 3.3 million tons annual renewable product capacity
• Targeting 1.5 million tons SAF production by 2025
• Chemical recycling initiatives for plastic waste streams

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9️⃣ 2. Renewable Energy Group (Chevron)

Headquarters: Ames, Iowa, USA
Key Offering: Biodiesel, Renewable Diesel, Bio-based Chemicals

As Chevron’s renewable fuels arm, REG operates North America’s largest biodiesel production network. The company is expanding renewable diesel capacity and developing hydrotreated vegetable oil (HVO) technologies.

Sustainability Leadership:

• 1.6 billion gallons annual production capacity
• Patented BioSynfining® technology platform
• 90%+ greenhouse gas reduction for renewable diesel

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8️⃣ 3. TotalEnergies SE

Headquarters: Courbevoie, France
Key Offering: Biofuels, e-Fuels, Green Hydrogen

TotalEnergies is converting its European refineries into renewable fuel hubs, investing heavily in advanced biofuels and hydrogen projects. The La Mède biorefinery represents one of Europe’s largest renewable diesel facilities.

Sustainability Leadership:

• 2.8 million tons annual biofuel capacity
• Developing synthetic SAF via Power-to-Liquid pathways
• Partner in 200,000 ton/year France biofuels project

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7️⃣ 4. Diamond Green Diesel (Valero/Darling)

Headquarters: Norco, Louisiana, USA
Key Offering: Renewable Diesel, Renewable Naphtha

This Valero-Darling Ingredients joint venture operates the largest renewable diesel plant in North America, with advanced feedstock pretreatment and hydrogenation capabilities.

Sustainability Leadership:

• 1.2 billion gallons annual renewable diesel capacity
• 80% lower carbon intensity than petroleum diesel
• Expanding to 1.9 billion gallons capacity by 2025

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6️⃣ 5. Phillips 66 Renewable Fuels

Headquarters: Houston, Texas, USA
Key Offering: Renewable Diesel, SAF Feedstock

Phillips 66 is converting its San Francisco refinery into the Rodeo Renewed complex, which will become one of the world’s largest renewable fuels facilities when completed in 2024.

Sustainability Leadership:

• 800 million gallons planned renewable fuel capacity
• Integrated hydrogen production from renewable feedstocks
• Partnerships for sustainable aviation fuel development

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5️⃣ 6. Marathon Petroleum Renewables

Headquarters: Findlay, Ohio, USA
Key Offering: Renewable Diesel, Biodiesel Blending

Through its Martinez Renewables facility, Marathon is transforming former petroleum refining assets into renewable diesel production hubs with flexible feedstock processing capabilities.

Sustainability Leadership:

• 730 million gallons annual renewable diesel capacity
• Advanced pretreatment for diverse feedstocks
• GHG reductions exceeding California LCFS standards

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4️⃣ 7. ADM Biofuels

Headquarters: Chicago, Illinois, USA
Key Offering: Bioethanol, Biodiesel, Renewable Chemicals

Archer Daniels Midland operates one of North America’s largest bioethanol networks while expanding into advanced biofuels and sustainable aviation fuel production.

Sustainability Leadership:

• 1.8 billion gallons annual ethanol capacity
• Carbon capture and sequestration projects at biorefineries
• Partnerships with airlines for SAF demonstration flights

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3️⃣ 8. POET LLC

Headquarters: Sioux Falls, South Dakota, USA
Key Offering: Bioethanol, High-Protein Feed, CO2

POET operates 33 corn ethanol plants across the Midwest, producing renewable fuel and high-value co-products through its patented technologies.

Sustainability Leadership:

• 3 billion gallons annual ethanol production
• BIOIONIX® technology for enhanced protein recovery
• Carbon capture utilization and storage initiatives

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2️⃣ 9. Green Plains Inc.

Headquarters: Omaha, Nebraska, USA
Key Offering: Ultra-Low Carbon Ethanol, Renewable Hydrogen

Green Plains has transformed from a conventional ethanol producer into an innovation-driven renewable fuels company developing ultra-low carbon solutions.

Sustainability Leadership:

• 1 billion gallon annual production capacity
• Patented Fluid Quip Technologies for value-added products
• Developing renewable hydrogen production pathways

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1️⃣ 10. Cargill Bioindustrial

Headquarters: Minneapolis, Minnesota, USA
Key Offering: Biodiesel Feedstock, Renewable Chemicals

Cargill leverages its global agricultural supply chains to provide sustainable feedstocks for renewable fuel producers while advancing its own bioindustrial innovations.

Sustainability Leadership:

• Major supplier of renewable diesel feedstocks
• Investments in novel lipid processing technologies
• Circular economy initiatives for agricultural byproducts

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🌱 Outlook: Accelerating the Renewable Fuel Transition

The renewable fuels industry is entering a transformative phase as technological innovations and policy support drive investment across biofuel, e-fuel, and hydrogen pathways. Companies are scaling production capacities while diversifying feedstocks and improving process efficiencies.

📈 Key Market Trends:

• Rapid expansion of renewable diesel and SAF production assets
• Development of non-food feedstocks (algae, agricultural residues, MSW)
• Integration of carbon capture and green hydrogen in biofuel plants
• Increasing stringency of clean fuel standards globally

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Global Renewable Fuel Market – View in Detailed Research Report

The companies leading this revolution are not just producing alternative fuels—they’re building the infrastructure for a sustainable energy future.