Top 100 companies: Biofuel

Bioenergy is a form of energy produced through combustion of recently living plant and animal matter. It is considered a renewable energy, due to the comparatively low timespan needed for feedstocks to be formed, and carbon neutral if used sustainably. Wood pellets, crops, manure, and food waste are the most common raw materials consumed. Biofuels may be used unblended for engines operating on pure biofuels or combined with refined petroleum for usage in regular diesel engines. Biofuel companies produce or sell fuel or its integral parts and engage in the development of innovative techniques to use biological types of fuel. In 2021, the global biofuel production amounted to 1.7m bbl/d. An estimated 15.8 million metric tons of oil equivalent biofuel are consumed in the EU every year. Despite a decline in 2020, due to lockdown measures and mobility restrictions following the coronavirus pandemic, the use of this alternative motor fuel has generally increased across all three fuel types. This Company Insights data table shows essential KPIs of the world’s leading companies associated with the “Biofuel” trend. It ranks them by overall revenue and includes household names such as Valero Energy and Pbf Energy.