Top 10 Companies in the Biofuels and Biodiesel Market (2026): Market Leaders Powering Global Energy

MARKET INSIGHTS

The global biofuels and biodiesel market size was valued at USD 94.2 billion in 2024. The market is projected to grow from USD 98.7 billion in 2025 to USD 138.4 billion by 2032, exhibiting a CAGR of 5.2% during the forecast period.

Biofuels and biodiesel are renewable energy sources derived from organic materials such as plant oils, animal fats, and agricultural waste. These sustainable alternatives to fossil fuels play a crucial role in reducing greenhouse gas emissions and achieving carbon neutrality goals. The sector primarily includes bioethanol (produced from crops like corn and sugarcane) and biodiesel (derived from vegetable oils and animal fats), which are increasingly blended with traditional fuels.

The market growth is being driven by stringent environmental regulations, government incentives for clean energy adoption, and technological advancements in production processes. However, challenges such as feedstock price volatility and infrastructure limitations may temper growth in some regions. Major industry players are investing in advanced biofuel technologies and expanding production capacities to meet the growing global demand for sustainable energy solutions.

Biofuels and Biodiesel Market – View in Detailed Research Report

1️⃣ 1. Neste

Headquarters: Espoo, Finland
Key Offering: Renewable diesel, Sustainable aviation fuel (SAF) from waste and residue raw materials

Neste is the world’s largest producer of renewable diesel and SAF, leveraging its advanced refining capabilities to convert agricultural and waste feedstocks into drop‑in fuels that are chemically identical to petroleum products. The company’s production network spans Europe, North America and Asia, providing a robust supply chain for high‑blend biodiesel and SAF to airlines and logistics operators.

Sustainability Initiatives:

• Scaling advanced biofuels to meet global demand
• Strategic SAF partnerships with major airlines
• Committed to achieving net‑zero emissions by 2050

---

2️⃣ 2. Archer‑Daniels‑Midland Company (ADM)

Headquarters: Chicago, USA
Key Offering: Bioethanol, biodiesel, and advanced biofuels from extensive agricultural supply chains

ADM’s integrated agribusiness model enables it to source high‑quality feedstocks from its global network of growers, converting them into biofuels at scale. The company operates multiple biorefineries across North America, Latin America and Asia, positioning it as a key supplier of renewable fuels for transportation and industrial sectors.

Sustainability Initiatives:

• Investing in second‑generation biofuels and feedstock diversification
• Expanding production capacity to meet blending mandates
• Commitment to sustainability certifications and carbon reduction targets

---

3️⃣ 3. Cargill, Incorporated

Headquarters: Chicago, USA
Key Offering: Biodiesel, bioethanol and renewable diesel from integrated agribusiness operations

Cargill’s global supply chain and vertical integration allow it to secure feedstocks such as soybean oil, palm oil and used cooking oil, converting them into high‑quality biofuels. The company’s emphasis on R&D and process optimization has driven significant improvements in conversion efficiency.

Sustainability Initiatives:

• Diversifying feedstock sources to reduce food‑vs‑fuel competition
• Investing in R&D for advanced biofuel technologies
• Achieving sustainability certifications across its operations

---

4️⃣ 4. Marathon Petroleum Corporation

Headquarters: Findlay, USA
Key Offering: Renewable diesel and biodiesel from converting traditional refineries

Marathon Petroleum is converting its legacy refineries into renewable fuel production facilities, leveraging its extensive distribution network to deliver high‑blend biodiesel and renewable diesel to commercial fleets and industrial customers.

Sustainability Initiatives:

• Expanding renewable diesel plants across the United States
• Partnering with feedstock suppliers for sustainable sourcing
• Reducing carbon footprint through process optimization

---

5️⃣ 5. ENI S.p.A.

Headquarters: Rome, Italy
Key Offering: Renewable diesel, biodiesel and advanced biofuels from integrated energy operations

ENI is investing heavily in renewable fuel production, converting its refineries into green fuel plants and developing new biorefinery projects across Europe and the Americas. The company’s focus on sustainability aligns with its broader carbon neutrality strategy.

Sustainability Initiatives:

• Investing in renewable diesel and biodiesel production
• Strategic partnerships with feedstock producers
• Targeting carbon neutrality across its portfolio by 2050

---

6️⃣ 6. Renewable Energy Group (REG)

Headquarters: San Ramon, USA
Key Offering: Advanced biofuels from diverse feedstocks, including algae, waste cooking oil and municipal solid waste

REG focuses exclusively on advanced biofuels, operating biorefineries that convert non‑food feedstocks into drop‑in fuels for transportation and aviation. The company’s technology platform emphasizes high‑yield conversion and low environmental impact.

Sustainability Initiatives:

• Investing in algae‑based and waste‑to‑fuel technologies
• Expanding biorefinery footprint globally
• Commitment to zero‑emission fuel production

---

7️⃣ 7. Groupe Avril

Headquarters: Paris, France
Key Offering: Biodiesel from rapeseed oil, used cooking oil and other waste streams

Groupe Avril leverages France’s strong rapeseed production and circular economy initiatives to produce high‑quality biodiesel. The company’s regional focus enables efficient logistics and strong sustainability credentials.

Sustainability Initiatives:

• Promoting circular economy through waste‑to‑fuel conversion
• Achieving sustainability certifications across its production chain
• Expanding regional biodiesel capacity

---

8️⃣ 8. Verbio SE

Headquarters: Hamburg, Germany
Key Offering: Biodiesel from rapeseed oil and used cooking oil

Verbio is a leading German biodiesel producer that focuses on low‑carbon production and regional feedstock sourcing. The company’s advanced processing technologies enable high‑blend biodiesel suitable for heavy‑duty vehicles.

Sustainability Initiatives:

• Low‑carbon production processes
• Innovation in feedstock utilization
• Carbon‑neutral production goal by 2035

---

9️⃣ 9. Green Plains Inc.

Headquarters: Lubbock, USA
Key Offering: Bioethanol and biodiesel from corn and other feedstocks

Green Plains operates integrated ethanol and biodiesel production facilities across the United States, providing a stable supply of renewable fuels to the transportation sector. The company’s focus on efficiency and sustainability has driven growth in its product portfolio.

Sustainability Initiatives:

• Integrated supply chain for sustainable feedstock sourcing
• Continuous process improvements for higher yield
• Commitment to reducing greenhouse gas emissions

---

🔟 10. POET, LLC

Headquarters: Cleburne, USA
Key Offering: Biodiesel and renewable diesel from soybean oil and other feedstocks

POET is one of the largest biodiesel producers in the world, operating a network of refineries that convert soybean oil into high‑quality biodiesel. The company’s focus on technology and sustainability has positioned it as a key player in the global biofuel market.

Sustainability Initiatives:

• Expanding production capacity to meet blending mandates
• Investing in advanced conversion technologies
• Targeting carbon reduction across its operations

Download FREE Sample Report

Get Full Report

🌍 Outlook: The Future of Biofuels and Biodiesel Is Cleaner and Smarter

The biofuels and biodiesel market is poised for sustained growth as governments worldwide tighten environmental regulations and expand blending mandates. The increasing volatility of crude oil prices enhances the economic competitiveness of biodiesel, especially in regions with stable feedstock supply chains. Strategic investments in advanced feedstock technologies, such as algae and municipal waste, are expected to drive cost reductions and improve supply chain resilience.

📈 Key Trends Shaping the Market:

• Rapid expansion of renewable diesel and SAF capacity in North America, Europe and Asia‑Pacific
• Growing adoption of second‑generation biofuels to reduce food‑vs‑fuel competition
• Increased focus on circular economy principles and waste‑to‑fuel initiatives
• Strategic partnerships between fuel producers, airlines and logistics providers to accelerate market penetration

🚀 Future Trends

Emerging technologies such as advanced hydroprocessing and enzymatic conversion are set to improve conversion efficiencies to approximately 95% and enable drop‑in biofuels that are chemically identical to petroleum fuels. The aviation and maritime sectors are driving significant demand for sustainable aviation fuel (SAF) and marine biofuels, with projections of 50% annual growth in SAF usage through 2030. Additionally, policy‑driven incentives, including tax credits and grants, are fostering the development of biorefineries and supporting the transition to a low‑carbon energy future.