Overview:

The limited availability of petrol and its surging prices have brought about the development of alternative fuels such as biodiesel, bioethanol, and biogas. The major advantages of biodiesel are that it enhances engine life, and unlike petroleum, it does not pollute the environment.

The biodiesel market is slated for a huge growth in the next few years not only because of the growing environmental concerns, but also because of the surging prices for non-renewable sources of energy, especially petroleum. Governments across the globe are encouraging the use of biodiesel; and many countries have initiated blending of conventional diesel with a percentage of biodiesel.

This report analyzes the markets for the major feedstock currently used for biodiesel production, such as vegetable oils, waste oils, and animal fats; as well as potential feedstock such as algae, jatropha, and sunflower oil. The report includes an in-depth analysis of transesterification, the technology to convert oils to biodiesel, and a comparative analysis between conventional petrol diesel and biodiesel on parameters such as pricing, feedstock availability, and the potential to reduce greenhouse gas emissions.

The report extensively analyzes the automotive, aerospace, railways, and heating applications of biodiesel. Each of the major and micro biodiesel markets include detailed analysis of the factors influencing the market, trends and forecasts, competitive landscape, and in-depth geographic analysis of the biodiesel markets in the Americas, Europe, Asia and Rest of the World.

The report identifies factors that drive or inhibit market growth in order to support the market trends and forecasts made herein for each sub-segment. More than 38 company profiles are provided for a deeper insight into the competitive landscape. The market tables are categorized as per geographies and feedstocks.

The intended audience of this report includes :
• Biodiesel producers
• Feedstock suppliers
• Automotive manufacturers
• Aerospace companies and organizations
• Government authorities

EXECUTIVE SUMMARY 
MARKET OVERVIEW 
GLOBAL BIODIESEL MARKET 
OPPORTUNITIES 
FEEDSTOCK ANALYSIS 
BIODIESEL TECHNOLOGY 
GEOGRAPHIC ANALYSIS 
COMPETITIVE LANDSCAPE 

1 INTRODUCTION 
1.1 KEY TAKE AWAYS 
1.2 REPORT DESCRIPTION 
1.3 MARKETS COVERED 
1.4 RESEARCH METHODOLOGY 
1.5 STAKEHOLDERS 

2 SUMMARY 

3 MARKET OVERVIEW 
3.1 EVOLUTION OF THE BIODIESEL MARKET 
3.1.1 MARKET DEFINITION 
3.2 MARKET FORCES ANALYSIS 
3.2.1 INCENTIVES AND GOVERNMENT MANDATES 
3.2.2 INCREASING R&D INVESTMENTS 
3.2.3 FEEDSTOCK AVAILABILITY AND COMPETITION FROM ETHANOL FOR SUBSIDY 
3.2.4 SUSTAINABILITY 
3.2.5 NOVEL BIODIESEL FEEDSTOCK 
3.3 GLOBAL BIODIESEL MARKET 
3.3.1 DRIVERS 
3.3.1.1 Tax incentives support market development 
3.3.1.2 Biodiesel benefits 
3.3.1.3 Environmental security drives demand 
3.3.1.4 Government mandates stimulates production 
3.3.1.5 Energy independence and economic security 
3.3.1.6 Volatile petroleum prices provides growth prospects 
3.3.2 RESTRAINTS & OPPORTUNITIES 
3.3.2.1 Insufficient feedstock restraints growth 
3.3.2.2 Food Vs Fuel debate 
3.3.2.3 Fluctuating raw material prices 
3.3.2.4 Emergence of new feedstocks 
3.4 BIODIESEL MARKET MOVING TOWARDS CONSOLIDATION 
3.5 EUROPE DOMINATING PRODUCTION 
3.6 MAJOR PLAYERS AND THEIR MARKET SHARE 
3.7 BIODIESEL MARKET TRENDS, BY REGION 
3.7.1 AMERICAS: REVIVING WITH NEW BIODIESEL DESTINATIONS 
3.7.2 EUROPE: INCREASING TAX, DECREASING PRODUCTION 
3.7.3 ASIA: BIODIESEL MARKET OPPORTUNITY 
3.8 PATENT ANALYSIS OF BIODIESEL MARKET 

4 GLOBAL BIODIESEL MARKET 
4.1 GLOBAL BIODIESEL MARKET DYNAMICS 
4.1.1 GLOBAL BIODIESEL PRODUCTION OVERVIEW 
4.2 KEY ISSUES AND THEIR MARKET IMPACT 
4.2.1 FEEDSTOCK COST & AVAILABILITY 
4.2.1.1 Market Impact 
4.2.1.2 Possible Solutions 
4.2.2 GOVERNMENTAL SUPPORT 
4.2.2.1 Market Impact 
4.2.2.2 Possible Solutions 
4.3 BIODIESEL: A GREEN FUEL 
4.3.1 POTENTIAL TO REDUCE GHG EMISSIONS 
4.4 BIODIESEL VS PETROLEUM DIESEL 
4.4.1 PRICING 
4.4.1.1 Global pricing trends in biodiesel 
4.4.1.2 Retail cost component analysis 
4.4.2 BIODIESEL VS PETROLEUM DIESEL: COMPARATIVE ANALYSIS 
4.5 BIODIESEL MARKET: OPPORTUNITIES 
4.5.1 SHORT-TERM GROWTH OPPORTUNITIES 
4.5.2 MIDTERM GROWTH OPPORTUNITIES 
4.5.2.1 Commercialization of biodiesel from algae 
4.5.2.2 Export from developing nations 
4.5.2.3 Community projects 
4.5.3 LONG-TERM OPPORTUNITIES 
4.6 BIODIESEL APPLICATIONS 
4.6.1 AUTOMOTIVE APPLICATION 
4.6.1.1 Drivers 
4.6.1.1.1 Improved vehicle performance 
4.6.1.1.2 Support from vehicle manufacturers 
4.6.1.1.3 Governmental initiatives 
4.6.1.2 Restraints 
4.6.1.2.1 Requires engine modifications 
4.6.1.2.2 Reduction in fuel economy 
4.6.1.2.3 Lower cloud-point 
4.6.2 MARINE APPLICATIONS 
4.6.3 RAILWAY APPLICATIONS 
4.6.4 HEATING OIL (BOILER FUEL) APPLICATION 
4.6.5 OTHER APPLICATIONS 
4.7 GLYCERIN AS A BIODIESEL BYPRODUCT 

5 FEEDSTOCK ANALYSIS 
5.1 FEEDSTOCK FFA CONTENT: PRICE – PROCESSING COST CORRELATION 
5.2 VEGETABLE OIL FEEDSTOCK 
5.2.1 METHYL ESTER CHARACTERISTICS OF VARIOUS VEGETABLE OILS 
5.2.2 EDIBLE OIL FEEDSTOCK 
5.2.2.1 Soy Oil Feedstock 
5.2.2.2 Rapeseed oil Feedstock 
5.2.2.3 Palm Oil Feedstock 
5.2.3 INEDIBLE OIL FEEDSTOCK 
5.2.3.1 Jatropha oil 
5.2.3.2 Pongamia oil 
5.2.4 WASTE VEGETABLE OIL 
5.3 ANIMAL FAT 
5.4 OTHER FEEDSTOCK 
5.4.1.1 Sunflower oil feedstock 
5.4.1.2 Algae 
5.4.1.3 Other feedstock sources 

6 BIODIESEL PRODUCTION TECHNOLOGIES 
6.1 TRANSESTERIFICATION ISSUES 
6.1.1 FEEDSTOCK-RELATED ISSUE 
6.1.2 PROCESS RELATED ISSUES 
6.1.2.1 Type of alcohol used 
6.1.2.2 Use of catalyst 
6.1.2.3 Reaction time, temperature, and agitation 
6.2 TECHNOLOGICAL INNOVATIONS TO IMPROVE COST-EFFECTIVENESS 

7 GEOGRAPHIC ANALYSIS 
7.1 OVERVIEW 
7.2 EUROPEAN BIODIESEL MARKET 
7.2.1 PRODUCTION & CAPACITY ANALYSIS 
7.2.2 EUROPEAN BIODIESEL MARKET: ISSUES & CHALLENGES 
7.2.2.1 Phasing out of incentives and tax exemption 
7.2.2.2 Lack of distribution channels 
7.2.2.3 Decrease in support for rapeseed oil 
72.3 BIODIESEL POLICY IN EUROPE 
7.2.3.1 EC biofuel directives 
7.2.3.2 Biodiesel Targets 
7.2.4 FUTURE IMPACT OF EUROPE ON GLOBAL BIODIESEL MARKET 
7.3 AMERICAS BIODIESEL MARKET 
7.3.1 U.S. BIODIESEL MARKET: OVERVIEW 
7.3.2 PRODUCTION AND CAPACITY ANALYSIS 
7.3.3 PRICE DIFFERENTIAL ANALYSIS: BIODIESEL VS. CONVENTIONAL DIESEL 
7.3.4 BIODIESEL POLICY 
7.3.4.1 Biodiesel targets of federal government 
7.3.4.2 Biodiesel targets of U.S. state governments 
7.3.4.3 Investment subsidies and tax credits 
7.3.4.4 Other measures 
7.3.5 U.S. BIODIESEL MARKET: ISSUES & CHALLENGES 
7.3.6 FUTURE IMPACT OF U.S. ON GLOBAL BIODIESEL MARKET 
7 ASIAN BIODIESEL MARKET 
7.4.1 BIODIESEL PRODUCTION ANALYSIS 
7.4.2 BIODIESEL POLICY 
7.4.2.1 China 
7.4.2.2 India 
7.4.2.3 Malaysia 
7.4.2.4 Future impact of Asia on global biodiesel market 
7.5 ROW BIODIESEL MARKET 
7.5.1 AUSTRALIAN BIODIESEL MARKET 
7.5.2 AFRICAN BIODIESEL MARKET 

8 COMPETITIVE LANDSCAPE 

9 COMPANY PROFILES 
 9.1 ACCIONA ENERGIA, S.A 
 9.2 AE BIOFUELS, INC. 
 9.3 ARCHER DANIELS MIDLAND CO 
 9.4 AUSTRALIAN RENEWABLE FUELS LTD 
 9.5 BIODIESEL INTERNATIONAL AG 
 9.6 BIODIESEL INDUSTRIES, INC. 
 9.7 BIOPETROL INDUSTRIES AG 
 9.8 BRASIL ECODIESEL 
 9.9 CANADIAN BIOENERGY CORP. 
 9.10 CARGILL INC 
 9.11 CAROLINA BIODIESEL, LLC 
 9.12 CHINA BIODIESEL INTERNATIONAL HOLDING CO LTD 
 9.13 CHINA CLEAN ENERGY INC. 
 9.14 D1 OILS PLC 
 9.15 DELTA BIOFUELS, INC. 
 9.16 EVOLUTION FUELS, INC 
 9.17 EOP BIODIESEL AG 
 9.18 FOUR RIVERS BIOENERGY INC 
 9.19 GOMTI BIOTECH LTD 
 9.20 GREEN EARTH FUELS LLC 
 9.21 GREENHUNTER BIOFUELS, INC 
 9.22 GREEN STAR PRODUCTS, INC 
 9.23 GRIFFIN INDUSTRIES, INC. 
 9.24 GUSHAN ENVIRONMENTAL ENERGY 
 9.25 HERO BX 
 9.26 JATOIL LTD. 
 9.27 MISSION NEW ENERGY LTD 
 9.28 NESTE OIL OY 
 9.29 ORGANIC FUELS, INC 
 9.30 PETROBRAS BRAZIL INC 
 9.31 PETROTEC AG 
 9.32 PURE BIOFUELS CORP 
 9.33 RENEWABLE ENERGY GROUP, INC 
 9.34 SIRONA FUELS INC 
 9.35 STEPAN COMPANY 
 9.36 TELLURIAN BIODIESEL INC 
 9.37 VERBIO DIESEL BITTERFELD GMBH & CO. KG. 
 9.38 WORLD ENERGY ALTERNATIVES LLC 

APPENDIX 
KYOTO PROTOCOL 
PROTOCOL PROVISIONS 
TAX INCENTIVES (U.S.) 
BIODIESEL GRANTS (U.S.) 
PRIMARY FEEDSTOCK USED IN DIFFERENT COUNTRIES 
U.S. PATENTS 
EUROPEAN PATENTS 
ASIA PATENTS 
 
LIST OF TABLES

TABLE 1  GLOBAL BIODIESEL MARKET, BY PRODUCTS 2007 – 2014 ($MILLIONS) 
TABLE 2  TOP FIVE BIODIESEL PRODUCING COUNTRIES 
TABLE 3  EMISSION REDUCTION VALUES OF BIODIESEL 
TABLE 4  BIODIESEL LIFECYCLE OPERATIONS 
TABLE 5  PETROLEUM DIESEL LIFECYCLE OPERATIONS 
TABLE 6  COMPARISON OF FEEDSTOCK TYPES 
TABLE 7  BIODIESEL CHARACTERISTICS OF MAJOR EDIBLE VEGETABLE OILS 
TABLE 8  GLOBAL SOYBEAN OIL BIODIESEL MARKET, BY GEOGRAPHY 2007 – 2014 ($MILLIONS) 
TABLE 9  GLOBAL RAPESEED OIL BIODIESEL MARKET, BY GEOGRAPHY 2007 – 2014 ($MILLIONS) 
TABLE 10  GLOBAL PALM OIL BIODIESEL MARKET, BY GEOGRAPHY 2007 – 2014 ($MILLIONS) 
TABLE 11  COMPARISON OF INEDIBLE OIL FEEDSTOCKS 
TABLE 12  GLOBAL ANIMAL FAT BIODIESEL MARKET, BY GEOGRAPHY 2007 – 2014 ($MILLIONS) 
TABLE 13  OTHER FEEDSTOCK BIODIESEL MARKET, BY GEOGRAPHY 2007 – 2014 ($MILLIONS) 
TABLE 14  GLOBAL BIODIESEL MARKET, BY GEOGRAPHY 2007 – 2014 ($MILLIONS) 
TABLE 15  EUROPEAN BIODIESEL MARKET, BY PRODUCTS 2007 – 2014 ($MILLIONS) 
TABLE 16  AMERICAS BIODIESEL MARKET, BY PRODUCTS 2007 – 2014 ($MILLIONS) 
TABLE 17  EISA FUEL PRODUCTION MANDATES  (BILLION GALLONS PER YEAR) 
TABLE 18  BIODIESEL TAX CREDITS 
TABLE 19  ASIA BIODIESEL MARKET, BY PRODUCTS 2007 – 2014 ($MILLIONS) 
TABLE 20  ROW BIODIESEL MARKET, BY PRODUCTS 2007 – 2014 ($MILLIONS) 
TABLE 21 BIOFUEL EXCISE RATES FOR AUSTRALIA (U.S. CENTS PER GALLON*) 
TABLE 22  MERGERS AND ACQUISITIONS (2007 – 2009) 
TABLE 23  AGREEMENTS AND COLLABORATIONS (2007 – 2009) 
TABLE 24  RESEARCH & DEVELOPMENTS (2007 – 2009) 

LIST OF FIGURES

FIGURE 1 PARENTAL STRUCTURE OF THE BIODIESEL MARKET 
FIGURE 2  EVOLUTION OF BIODIESEL 
FIGURE 3  MARKET FORCES ANALYSIS FOR BIODIESEL 
FIGURE 4   TOP COMPANIES AND THEIR STRATEGIES 
FIGURE 5   GLOBAL BIODIESEL PRODUCERS, BY GEOGRAPHY 
FIGURE 6   BIODIESEL PRODUCTION CAPACITY, BY COMPANY  IN 2009 (MILLION GALLONS) 
FIGURE 7  COMPARATIVE ANALYSIS OF GEOGRAPHIC TRENDS IN GLOBAL BIODIESEL MARKET 
FIGURE 8  NUMBER OF BIODIESEL PATENTS INCREASING OVER THE YEARS 
FIGURE 9  EUROPE FILES LARGEST NUMBER OF BIODIESEL PATENTS,  2005-2009 
FIGURE 10  YEAR WISE COMPARISION OF BIODIESEL PATENTS 
FIGURE 11   VEGETABLE OIL IS DOMINANT FEEDSTOCK 
FIGURE 12   BIODIESEL MARKET ISSUE IMPACT ANALYSIS 
FIGURE 13   BIODIESEL LIFECYCLE CO2 EMISSION 
FIGURE 14   EFFECT OF BIODIESEL BLEND LEVEL ON CO2 EMISSION 
FIGURE 15  RETAIL COST COMPONENTS OF PETROLEUM DIESEL AND BIODIESEL 
FIGURE 16  GLYCERIN DEMAND IN DIFFERENT APPLICATIONS SHORT AND MEDIUM TERM 
FIGURE 17  GLYCERIN DEMAND IN DIFFERENT APPLICATIONS LONG TERM 
FIGURE 18  FEEDSTOCK FFA CONTENT: PRICE – PROCESSING COST CORRELATION 
FIGURE 19  PRIMARY EDIBLE OIL FEEDSTOCK PRICE COMPARISON 
FIGURE 20  BIODIESEL PRODUCTION: STANDARD RECIPE 
FIGURE 21  TRANSESTERIFICATION PROCESS SWOT ANALYSIS 
FIGURE 22 EUROPEAN BIODIESEL PRODUCTION AND CAPACITY 
FIGURE 23 EUROPEAN BIODIESEL PRODUCTION AND CAPACITY BY COUNTRY 
FIGURE 24   U.S. BIODIESEL MARKET (2001 – 2009) 
FIGURE 25  U.S. BIODIESEL CAPACITY AND PRODUCTION: TRENDS AND FORECASTS 
FIGURE 26  PRICE DIFFERENTIAL ANALYSIS: BIODIESEL VS PETROLEUM DIESEL IN U.S.  
FIGURE 27  ASIA BIODIESEL PRODUCTION ANALYSIS 
FIGURE 28  ROW BIODIESEL PRODUCTION ANALYSIS 
FIGURE 29  INDUSTRY GROWTH STRATEGY (2009) 
FIGURE 30   YEAR WISE BIODIESEL MARKET COMPETITIVE SCENARIO