Biofuel Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 11/19/2018
SIC Codes: 2869
NAICS Codes: 325193
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Biofuel Manufacturing Industry Profile

Companies in this industry produce ethyl alcohol, known as ethanol, and biodiesel fuel. Major biofuel manufacturers include Abengoa (Spain), Cosan (Brazil), Green Plains (US), Novozymes (Denmark), Poet (US), and Renewable Energy Group (US), as well as units of oil and gas producers such as Chevron and Valero and crop processors such as Archer Daniels Midland and Bunge (all based in the US).

Global sales of biofuels are about $170 billion and are expected to grow to about $250 billion by 2024, according to Transparency Market Research. The US, Brazil, Germany, Argentina, and China are the largest biofuel manufacturers. Factors influencing growth in the industry include government mandates and incentives, which in turn are driven largely by concerns about the environment, fossil fuel dependence, and waste management.

The US biofuel manufacturing industry includes about 220 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $31 billion.

COMPETITIVE LANDSCAPE

Demand is driven by motor vehicle use and government requirements that ethanol be blended into gasoline. The profitability of biofuel production facilities depends on prices of gasoline and diesel, which fluctuate based on world petroleum demand and domestic refinery use. Economies of scale in ethanol production are limited due to the transportation costs associated with gathering feedstocks (corn and other biomasses) and transporting the ethanol to blending sites. Small companies can compete effectively by developing business relations with distributors and ...

 
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