The Global Biofuels Market was valued at USD 77.99 Billion in 2024 and is projected to reach USD 101.35 Billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period (2025–2032). This growth is propelled by escalating climate change concerns, stringent government mandates for renewable fuel blending, and technological advancements in the production of next-generation biofuels such as Sustainable Aviation Fuel (SAF).

As the world accelerates its transition towards a low-carbon economy, the biofuels industry stands at the forefront of providing sustainable energy solutions for transportation, industry, and aviation. In this blog, we profile the Top 10 Companies in the Biofuels Industry—a dynamic mix of agricultural giants, energy conglomerates, and specialized producers who are shaping the future of renewable energy.

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🔟 1. POET, LLC

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

POET is the world’s largest producer of bioethanol, operating 33 biorefining facilities across the United States. The company processes over 8 billion gallons of ethanol annually, leveraging its vertically integrated model that encompasses feedstock sourcing, production, and distribution. POET is a leader in converting agricultural biomass into renewable fuel, significantly contributing to the reduction of greenhouse gas emissions from the transportation sector.

Sustainability Initiatives:

• Pioneering cellulosic ethanol production from agricultural residues

• Continuous process innovation to reduce water and energy consumption

• Committed to achieving net-zero carbon emissions at its bioprocessing facilities by 2050

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9️⃣ 2. Valero Energy Corporation

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

Valero, one of the world’s largest petroleum refiners, is also a major force in the biofuels market. Through its subsidiary, Valero Energy, the company operates numerous ethanol plants with a combined capacity of approximately 1.7 billion gallons per year. Its strategic advantage lies in synergies between its traditional refining operations and biofuel production, enabling efficient blending and distribution.

Sustainability Initiatives:

• Investing in renewable diesel projects to expand low-carbon fuel portfolio

• Focus on carbon capture and storage (CCS) technologies for bio-refineries

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8️⃣ 3. Archer-Daniels-Midland Company (ADM)

Headquarters: Chicago, Illinois, USA
Key Offering: Bioethanol, Biodiesel, Soybean Oil

ADM is a global agricultural processing giant with a substantial footprint in biofuels. The company is a leading producer of bioethanol from corn and a major player in the biodiesel segment through its extensive oilseed processing operations. ADM’s integrated supply chain, from farm to fuel, provides a significant competitive edge in feedstock sourcing and logistics.

Sustainability Initiatives:

• Developing carbon capture and storage projects at its ethanol facilities

• Expanding capabilities in low-carbon intensity feedstocks and advanced biofuels

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7️⃣ 4. Neste Oyj

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

Neste is the world’s leading producer of renewable diesel and sustainable aviation fuel refined from waste and residues. The company’s proprietary NEXBTL technology allows it to produce 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 SAF production capacity to 1.5 million tons per annum by the end of 2024

• Targeting 100% renewable electricity usage at its production sites

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6️⃣ 5. Raízen

Headquarters: São Paulo, Brazil
Key Offering: Sugarcane Ethanol, Bioelectricity, 2G Ethanol

Raízen is a Brazilian energy leader and one of the world’s largest producers of sugarcane ethanol. The company operates an integrated model that efficiently converts sugarcane into ethanol, sugar, and bioelectricity. Raízen is also a pioneer in second-generation (2G) ethanol, producing biofuels from sugarcane straw and bagasse, which significantly increases yield per acre.

Sustainability Initiatives:

• Expanding second-generation ethanol production capacity

• Developing biofuel-based solutions for aviation and maritime sectors

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5️⃣ 6. Marathon Petroleum Corporation

Headquarters: Findlay, Ohio, USA
Key Offering: Bioethanol, Renewable Diesel

Marathon Petroleum, through its subsidiary Marathon Petroleum Corporation, is a significant bioethanol producer in the United States. The company’s biofuels segment operates several ethanol plants, benefiting from its extensive logistics and refining assets to efficiently market and distribute its products.

Sustainability Initiatives:

• Exploring opportunities in renewable diesel and sustainable aviation fuel

• Investing in projects to reduce the carbon intensity of its operations

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4️⃣ 7. Green Plains Inc.

Headquarters: Omaha, Nebraska, USA
Key Offering: High-Performance Biofuels, Ultra-High Protein Ingredients

Green Plains is a leading biorefining company focused on the development and distribution of high-purity, low-carbon biofuels. The company has been transforming its traditional ethanol plants into integrated biorefineries that produce not only fuel but also high-value feed and food ingredients, enhancing profitability and sustainability.

Sustainability Initiatives:

• Implementing innovative technologies to produce high-protein feed ingredients alongside biofuels

• Focusing on decarbonization through process efficiency and carbon capture

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3️⃣ 8. Cargill, Incorporated

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

As a global agriculture conglomerate, Cargill plays a pivotal role in the biofuels supply chain, primarily as a major supplier of feedstocks like soybean oil and corn. The company also has biodiesel production assets and is actively involved in developing sustainable solutions for the energy transition.

Sustainability Initiatives:

• Investing in regenerative agriculture practices to lower the carbon footprint of feedstocks

• Exploring new pathways for biofuels from novel feedstocks

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2️⃣ 9. Renewable Energy Group, Inc. (REG)

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

Renewable Energy Group, a subsidiary of Chevron, is a leading producer of biodiesel and renewable diesel in North America. REG utilizes a diverse mix of feedstocks, including recycled cooking oil and inedible animal fats, to produce low-carbon fuels that are compatible with existing diesel engines.

Sustainability Initiatives:

• Advancing technologies for producing sustainable aviation fuel

• Expanding feedstock flexibility to include more waste and residue streams

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1️⃣ 10. COFCO Biotechnology Co., Ltd.

Headquarters: Beijing, China
Key Offering: Bioethanol, Biochemicals, Corn Processing Products

COFCO Biotechnology is a major player in China’s biofuels market, primarily focused on producing bioethanol from corn and other feedstocks. As China pushes for higher ethanol blending mandates to improve air quality and reduce oil imports, COFCO is strategically positioned to meet this growing domestic demand.

Sustainability Initiatives:

• Expanding production capacity to support national E10 ethanol blending policy

• Researching cellulosic ethanol and other advanced biofuel technologies

Get Full Report Here: Biofuels Market – View in Detailed Research Report

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🌍 Outlook: The Future of Biofuels Is Diversified and Sustainable

The biofuels market is undergoing a fundamental transformation. While first-generation biofuels from food crops continue to dominate, the industry is rapidly advancing towards more sustainable and technologically advanced solutions. Significant investments are flowing into advanced biofuels, waste-to-energy pathways, and carbon-reduction technologies.

📈 Key Trends Shaping the Market:

• Accelerated policy support and blending mandates across the US, EU, and Asia-Pacific

• Exponential growth in Sustainable Aviation Fuel (SAF) production and adoption

• Technological breakthroughs in algae-based and cellulosic biofuels

• Strategic partnerships between agribusiness, energy companies, and technology providers

Get Full Report Here: Biofuels Market – View in Detailed Research Report

The companies listed above are not only powering the global energy transition—they’re building the foundation for a more sustainable and energy-secure future.