The Global Biofuels Market was valued at USD 145.16 billion in 2025 and is projected to reach USD 300.41 billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 10.9% during the forecast period (2024-2034). This remarkable growth is fueled by increasing government mandates for renewable fuel blending, rising demand for low-carbon transportation fuels, and accelerating investments in advanced biofuel technologies.

As the world transitions toward decarbonized energy systems, biofuels have emerged as a critical solution for reducing carbon emissions across transportation, industrial, and aviation sectors. In this comprehensive analysis, we examine the Top 10 Companies in the Biofuels Industry—leaders in bioethanol, biodiesel, and next-generation biofuel production that are reshaping the global renewable energy landscape.

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🔟 1. Neste Oyj

Headquarters: Espoo, Finland
Key Offering: Neste MY Renewable Diesel, SAF, Renewable Polymers and Chemicals

Neste is the world’s largest producer of renewable diesel and sustainable aviation fuel (SAF) from waste and residue raw materials. The company operates three biorefineries in Finland, Netherlands, and Singapore, with a combined renewable products capacity of 3.3 million tons annually.

Sustainability Initiatives:

• Pioneer in waste-to-fuel technology with 92% GHG emissions reduction
• Targeting 1.2 million tons/year SAF production capacity by 2026
• Expanding raw material portfolio to include liquefied waste plastic

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9️⃣ 2. POET, LLC

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

POET is the world’s largest biofuels producer, operating 33 corn ethanol plants across the U.S. with an annual production capacity of 3 billion gallons. The company processes over 5% of U.S. corn into renewable fuel and high-value co-products.

Sustainability Initiatives:

• Project Liberty – first commercial-scale cellulosic ethanol plant
• Reduced ethanol production energy usage by 24% since 2001
• Developing carbon capture and storage projects for biorefineries

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8️⃣ 3. Valero Energy Corporation

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

Valero operates 15 ethanol plants in the U.S. midwest with combined production capacity of 1.73 billion gallons annually. Through Diamond Green Diesel JV, it’s the world’s second-largest renewable diesel producer.

Sustainability Initiatives:

• 1.2 billion gallon/year renewable diesel capacity expansion underway
• Investing in renewable natural gas from dairy farm biogas
• Committed to 63% reduction in GHG emissions intensity by 2025

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7️⃣ 4. Archer Daniels Midland Company (ADM)

Headquarters: Chicago, Illinois, USA
Key Offering: Bioethanol, Biodiesel, Plant-Based Proteins

ADM operates eight ethanol plants across the U.S. with 1.8 billion gallons of annual production capacity. The company is a leader in bioethanol and soy-based biodiesel production with integrated agricultural supply chains.

Sustainability Initiatives:

• Developing carbon-negative ethanol through CCS projects
• Expanding sustainable aviation fuel offerings through partnerships
• Investing in next-gen feedstocks like camelina and algae

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6️⃣ 5. Raízen

Headquarters: São Paulo, Brazil
Key Offering: Sugarcane Ethanol, Cellulosic Ethanol, Renewable Electricity

Raízen is Brazil’s largest sugarcane ethanol producer with 34 production units and 2.2 billion liters annual capacity. The company operates the world’s first commercial-scale cellulosic ethanol facility.

Sustainability Initiatives:

• Pioneer in second-generation ethanol from sugarcane waste
• 84% GHG reduction compared to fossil fuels
• Circular economy model utilizing 100% of sugarcane biomass

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5️⃣ 6. Renewable Energy Group, Inc. (REG)

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

REG operates 13 biorefineries in the U.S. and Europe with 680 million gallons annual production capacity. The company specializes in converting waste fats and oils into advanced biofuels.

Sustainability Initiatives:

• Patented bio-based hydrogenation technology for renewable diesel
• 80% average GHG reduction across product portfolio
• Leading producer of biodiesel from used cooking oil

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4️⃣ 7. Green Plains Inc.

Headquarters: Omaha, Nebraska, USA
Key Offering: Ultra-Low Carbon Ethanol, High-Protein Feed, Corn Oil

Green Plains operates 11 biorefineries across the U.S. with 1 billion gallons annual ethanol production capacity. The company is transitioning toward a biorefinery model focused on high-value co-products.

Sustainability Initiatives:

• Innovative protein production technology reducing carbon intensity
• Partnerships for sustainable aviation fuel development
• 60-70% carbon intensity reduction versus traditional ethanol

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3️⃣ 8. Cargill Biofuels

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

Cargill is a leading global trader and processor of vegetable oils used in biodiesel production. The company operates biodiesel plants in Europe and supplies renewable diesel producers worldwide.

Sustainability Initiatives:

• Partnering with airlines on sustainable aviation fuel supply chains
• Investing in novel oilseed crops for biofuel feedstocks
• Decarbonizing shipping operations with bio-based bunker fuels

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2️⃣ 9. Groupe Avril

Headquarters: Paris, France
Key Offering: Diester Biodiesel, Oleochemicals, Animal Nutrition

Groupe Avril is Europe’s leading producer of biodiesel from rapeseed, with 3 million ton annual capacity. The company operates eight production sites across France and internationally.

Sustainability Initiatives:

• Pioneering biodiesel from French rapeseed since 1992
• 60% GHG reduction compared to fossil diesel
• Developing renewable fuels for marine and aviation sectors

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1️⃣ 10. World Energy

Headquarters: Boston, Massachusetts, USA
Key Offering: Renewable Diesel, Sustainable Aviation Fuel, Biodiesel

World Energy operates North America’s first commercial-scale renewable diesel facility with 125 million gallon annual capacity. The company supplies advanced biofuels to transportation and aviation sectors.

Sustainability Initiatives:

• Supplying SAF to major airlines and freight operators
• Investment in renewable hydrogen for biofuel production
• Carbon-negative fuel production roadmap

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🌍 Outlook: The Biofuels Revolution Accelerates

The global biofuels industry is undergoing a profound transformation, driven by climate commitments and energy security concerns. While conventional biofuels still dominate production volumes, advanced and waste-based biofuels are experiencing exponential growth as they offer superior carbon reduction benefits.

📈 Key Market Trends:

• Accelerating adoption of renewable diesel and sustainable aviation fuels
• Policy support through blending mandates and carbon credit systems
• Integration of carbon capture with biofuel production
• Expansion of non-food feedstock portfolios to include agricultural residues and waste streams
• Growing corporate offtake agreements for low-carbon biofuels

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

The companies profiled above are not just participants—they are architects of the bioeconomy, building the renewable fuel infrastructure that will power the global energy transition in the decades ahead.