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 rapid expansion is driven by accelerating global decarbonization efforts, stringent environmental policies, and breakthrough innovations in biofuel technologies that are transforming waste into valuable clean energy.

This comprehensive analysis profiles the Top 10 Companies in the Renewable Fuel Market – visionaries converting agricultural waste, used cooking oil, and other renewable feedstocks into high-performance fuels that power our transportation networks and industries while significantly reducing carbon footprints.

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🔟 1. Neste Corporation

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

Neste stands as the world’s largest producer of renewable diesel and jet fuel derived from waste and residues. The company’s NEXBTL technology platform enables flexible feedstock utilization while delivering premium-quality renewable fuels that outperform conventional petroleum products.

Sustainability Initiatives:

• 3.3 million tons annual renewable product capacity
• 2035 target for carbon-neutral production
• Pioneering Power-to-Liquid renewable fuel technology

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9️⃣ 2. Renewable Energy Group (REG)

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

As North America’s biodiesel leader, REG operates 11 biorefineries that convert diverse feedstocks into clean fuels. The company’s technical expertise supports the commercialization of advanced biofuel technologies and optimizes production efficiency.

Sustainability Initiatives:

• 1.8+ billion gallons of renewable fuel production to date
• Innovator in low-carbon intensity feedstocks utilization

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8️⃣ 3. Chevron Renewable Energy Group

Headquarters: San Ramon, California, USA
Key Offering: Renewable Diesel, Biodiesel, Bio-based jet fuel

The Chevron-REG combination creates a renewable fuels powerhouse with expanded production capacity and distribution reach across North America, accelerating the energy transition through integrated refining solutions.

Sustainability Initiatives:

• 100,000 barrels per day renewable fuel target by 2030
• Advanced feedstock pretreatment technology development

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7️⃣ 4. TotalEnergies

Headquarters: Paris, France
Key Offering: Biofuels, e-fuels, Biomass-to-Liquid fuels

TotalEnergies is transitioning traditional refineries to biofuel hubs, investing in both conventional biofuel production and cutting-edge solutions like biomass-to-liquid and power-to-liquid technologies.

Sustainability Initiatives:

• Transforming Grandpuits refinery into zero-crude biofuel platform
• 2 million tons/year sustainable aviation fuel target by 2030

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6️⃣ 5. BP Biofuels

Headquarters: London, United Kingdom
Key Offering: Ethanol, Biogas, Advanced Biofuels

BP’s biofuels division combines large-scale production with next-gen research, particularly in aviation biofuel and cellulosic ethanol technologies that utilize agricultural residues.

Sustainability Initiatives:

• $10 billion low-carbon energy investment planned by 2030
• Developing biofuels from agricultural waste streams

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5️⃣ 6. ADM (Archer Daniels Midland)

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

ADM operates North America’s most extensive biofuel network, with 18 ethanol plants and multiple biodiesel facilities that process corn, soy and other agricultural products into clean fuels.

Sustainability Initiatives:

• 5+ billion gallons ethanol production annually
• Investing in carbon capture at biofuel plants

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4️⃣ 7. Poet, LLC

Headquarters: Sioux Falls, South Dakota, USA
Key Offering: Bioethanol, Cellulosic Ethanol, Corn Oil

As the world’s largest biofuels producer, Poet’s 33 U.S. biorefineries continuously improve processes to maximize yield and efficiency while exploring carbon-negative production pathways.

Sustainability Initiatives:

• 3 billion gallons annual bioethanol production
• Developing carbon-negative biofuel solutions

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3️⃣ 8. Green Plains Inc.

Headquarters: Omaha, Nebraska, USA
Key Offering: Ultra-High Protein, Clean Sugar, Biofuels

Green Plains has transformed into an innovative biorefining company through patented technologies that extract maximum value from grains while producing low-carbon renewable fuels.

Sustainability Initiatives:

• 50% reduction in operational carbon intensity
• Sustainable aviation fuel project collaborations

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2️⃣ 9. Valero Energy Corporation

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

Valero combines 11 ethanol plants with aggressive expansion in renewable diesel through Diamond Green Diesel, positioning itself as a leader in next-generation biofuels.

Sustainability Initiatives:

• Current renewable diesel capacity of 1.2 billion gallons
• Expanding production to 3 billion gallons by 2025

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1️⃣ 10. Darling Ingredients

Headquarters: Irving, Texas, USA
Key Offering: Renewable Diesel, Biodiesel, Sustainable Aviation Fuel

As the world’s largest rendering company, Darling provides essential renewable fuel feedstocks while co-owning major biofuel production facilities through strategic joint ventures.

Sustainability Initiatives:

• Converting 2+ billion gallons of waste oils annually into fuel
• International expansion of Diamond Green Diesel operations

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🌍 Outlook: Renewable Fuel Industry at an Inflection Point

The renewable fuel sector is experiencing unprecedented growth as technological innovation meets rising global demand for sustainable energy solutions across transportation, aviation, and industrial applications.

📈 Key Industry Trends Driving Growth:

• Exponential expansion of renewable diesel and SAF production capacities
• Strong regulatory support via U.S. RFS and EU Renewable Energy Directive
• Breakthroughs in feedstock efficiency and process optimization
• Growing investments in electrofuels and synthetic fuel technologies

Get Full Report Here: Global Renewable Fuel Market – View in Detailed Research Report

These renewable fuel leaders are not just participating in the energy transition – they’re fundamentally transforming how the world produces and consumes energy for a sustainable future.