Biodiesel wholesale price in Germany 2020-2024
In the 26th calendar week of 2024 (June 24 to 30) the wholesale price of biodiesel in Germany stood at 168.98 euro cents per liter. This was the highest price for 2024, so far. In the period of consideration, figures fluctuated, peaking at 249.89 euro cents per metric ton in the calendar week 44 of 2021, and reaching a low of 102.82 euro cents per metric ton in the calendar week 27 of 2020. Germany’s producer price of biodiesel is often regarded as the global benchmark for the fuel.
Germany’s role in the biodiesel economy
Germany is among the leading producers of biodiesel worldwide. With a production upward of four billion liters, it ranks only behind producing giants like Indonesia, Brazil, and the United States. Biodiesel use is especially prevalent in the European Union, where mandates stipulate the exact share of renewable fuel that needs to be included in transportation fuels. Germany is the second largest consumer of biodiesel in the EU following France.
FAME biodiesel and renewable diesel
Besides the more ubiquitous FAME (fatty acid methyl ester) biodiesel, Finnish oil refiner Neste introduced a different kind of vegetable oil-based renewable diesel, also called HVO (hydrotreated vegetable oil), that results in an even purer quality product. Unlike FAME biodiesel, renewable diesel may be used as a drop-in for conventional diesel, making it especially attractive to the transportation industry. Since first appearing on the market, Neste’s renewable diesel sales volume has reached more than three million liters per year. In 2024, Germany followed other EU countries and adopted a new law that would allow the sale of 100 percent renewable diesel fuel at pump stations.
