The Global Liquid Bio Fuel Market was valued at USD 121.87 Billion in 2023 and is projected to reach USD 178.45 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period (2024–2030). This robust growth is fueled by stringent environmental regulations, global commitments to reduce carbon emissions, and the accelerating shift towards renewable energy sources across the transportation, industrial, and power generation sectors.

As the world rapidly transitions to a low-carbon economy, the focus intensifies on the key producers and innovators who are scaling up the supply of clean, renewable fuels. In this blog, we profile the Top 10 Companies in the Liquid Bio Fuel Industry—a diverse group of agribusiness giants, energy majors, and dedicated biofuels producers who are shaping the future of sustainable energy.

---

🔟 1. Archer Daniels Midland Company (ADM)

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

ADM is a global leader in agricultural processing and biofuel production, operating one of the world’s largest bioethanol production networks. With extensive feedstock sourcing and refining capabilities, ADM is a cornerstone of the North American and European biofuel markets, supplying low-carbon fuels to meet renewable energy mandates.

Sustainability Initiatives:

• Investment in carbon capture and storage (CCS) at bio-refineries to achieve negative emissions

• Expanding sustainable aviation fuel (SAF) production capabilities

• Commitment to reducing absolute GHG emissions by 25% by 2035

Download FREE Sample Report: Liquid Bio Fuel Market – View in Detailed Research Report

---

9️⃣ 2. Neste Corporation

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

Neste is the world’s leading producer of renewable diesel and sustainable aviation fuel derived from waste and residue oils. Its proprietary NEXBTL technology enables the production of high-quality drop-in fuels that are chemically identical to fossil fuels, making them compatible with existing engines and infrastructure without modification.

Sustainability Initiatives:

• Aiming to increase renewable product capacity to 6.8 million tons annually by 2026

• Targeting 100% renewable electricity usage at its refineries

---

8️⃣ 3. INEOS Group AG

Headquarters: London, United Kingdom
Key Offering: Bio-naphtha, Bio-propanol, Advanced Biofuels

INEOS is a major global chemical company with a growing portfolio of biofuels, including bio-naphtha for plastics production and advanced biofuels for transportation. Through its INEOS Bio subsidiary, the company is developing innovative technologies for producing ethanol from vegetative and waste materials.

Sustainability Initiatives:

• Developing circular economy models for bio-based feedstocks

• Investing in next-generation bio-refining technologies

---

7️⃣ 4. Cargill, Incorporated

Headquarters: Wayzata, Minnesota, USA
Key Offering: Biodiesel, Bioethanol, Renewable Diesel Feedstock

Cargill is a pivotal player in the global biofuel supply chain, leveraging its vast agricultural network to produce and trade biofuels and their feedstocks. The company operates biodiesel plants and provides critical vegetable oils and animal fats to renewable diesel producers worldwide.

Sustainability Initiatives:

• Committing to reduce greenhouse gas emissions in its supply chain by 30% per ton of product by 2030

• Supporting sustainable agriculture practices for biofuel feedstock production

---

6️⃣ 5. POET, LLC

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

POET is one of the world’s largest producers of bioethanol, operating numerous biorefineries primarily across the U.S. Midwest. The company is a leader in biocorn oil extraction and is actively investing in carbon capture to lower the carbon intensity of its biofuel production.

Sustainability Initiatives:

• Pioneering carbon sequestration projects at its biorefineries

• Developing technology to produce biofuels from cellulose and other non-food biomass

Download FREE Sample Report: Liquid Bio Fuel Market – View in Detailed Research Report

---

5️⃣ 6. Renewable Energy Group, Inc. (A Subsidiary of Chevron)

Headquarters: Ames, Iowa, USA
Key Offering: Biodiesel, Renewable Diesel, SAF

Now a wholly-owned subsidiary of Chevron, REG is a leading producer of biodiesel and renewable diesel in North America. The company utilizes a diverse mix of feedstocks, including used cooking oil and inedible corn oil, to produce lower-carbon fuels that are distributed across the United States and internationally.

Sustainability Initiatives:

• Focus on expanding renewable diesel production capacity

• Leveraging Chevron’s infrastructure for wider distribution of biofuels

---

4️⃣ 7. Green Plains Inc.

Headquarters: Omaha, Nebraska, USA
Key Offering: High-Purity Alcohol, Ultra-High Protein Feed, Bioethanol

Green Plains is a diversified bio-refining company that has transformed from a traditional ethanol producer into an innovative processor of grains into high-value ingredients, including biofuels. Its patented Ultra-High Protein technology increases the value extracted from each bushel of corn.

Sustainability Initiatives:

• Transitioning biorefineries to produce specialty alcohols and proteins alongside biofuels

• Committed to achieving net-zero carbon emissions by 2050

---

3️⃣ 8. ACIENDA Manuelita S.A.

Headquarters: Cali, Colombia
Key Offering: Bioethanol from Sugarcane, Biodiesel from Palm Oil

Manuelita is a leading Latin American biofuel producer, with integrated operations from sugarcane and oil palm cultivation to biofuel refining. The company is a key supplier of bioethanol for Colombia’s fuel blending mandates and exports biodiesel to international markets.

Sustainability Initiatives:

• Certified sustainable production of sugarcane and palm oil feedstocks

• Generating renewable energy from biomass to power its operations

---

2️⃣ 9. Valero Energy Corporation

Headquarters: San Antonio, Texas, USA
Key Offering: Renewable Diesel, Bioethanol

Valero, one of the world’s largest petroleum refiners, is also a major force in renewable fuels through its subsidiary Diamond Green Diesel. It operates some of the largest renewable diesel plants in the world, converting animal fats and used cooking oil into low-carbon diesel fuel.

Sustainability Initiatives:

• Massive expansion of renewable diesel production capacity to over 1.2 billion gallons per year

• Significant investment in low-carbon fuel projects to meet market demand

---

1️⃣ 10. Bangchak Corporation Public Company Limited

Headquarters: Bangkok, Thailand
Key Offering: Biodiesel (B100), Bioethanol, Bio-Hydrotreated Diesel

Bangchak is a leading energy company in Asia with a strong focus on biofuels. It operates advanced biorefineries producing biodiesel from palm oil and is actively involved in research and development of next-generation biofuels, positioning itself as a key player in the ASEAN biofuel market.

Sustainability Initiatives:

• Commitment to the BCP Group’s Net-Zero goal by 2030

• Investment in green innovation and circular economy business models

Get Full Report Here: Liquid Bio Fuel Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Liquid Bio Fuel Is Integrated and Innovative

The liquid biofuel market is at a pivotal juncture. While first-generation biofuels from food crops continue to dominate production volumes, the industry is aggressively investing in advanced feedstocks, carbon capture technologies, and integrated biorefining models that maximize value and minimize environmental impact.

📈 Key Trends Shaping the Market:

• Rapid scaling of renewable diesel and sustainable aviation fuel (SAF) production capacity, particularly in North America and Europe

• Policy-driven demand from Renewable Fuel Standards (RFS), Low Carbon Fuel Standards (LCFS), and ReFuelEU initiatives

• Technological advancements in converting waste oils, agricultural residues, and algae into drop-in biofuels

• Strategic partnerships between oil majors and agro-industrial companies to secure feedstock and scale production

Get Full Report Here: Liquid Bio Fuel Market – View in Detailed Research Report

The companies profiled above are not merely producing alternative fuels—they are engineering the renewable energy backbone for a decarbonized global economy.