Top Advanced Biofuels Companies

Advanced Biofuels Market size was valued at USD 110.78 Billion in 2024 and is poised to grow from USD 123.29 Billion in 2025 to USD 290.34 Billion by 2033, growing at a CAGR of 11.3% during the forecast period (2026–2033).

Market forces operating in the global advanced biofuels market provide a stable platform for R&D, partnerships, and large-scale production investments of the key players. Market leaders include Neste Corporation, Chevron Corporation, BP, TotalEnergies, Shell, and POET LLC. These companies are into the production of sustainable aviation fuel (SAF), renewable diesel, and cellulosic ethanol. The extensive government mandates and advances in technology promote the growth of the market and encourage competition among energy majors and small-scale biofuel manufacturers to take leadership in the newly emerging renewable energy sector. 'Enerkem (Canada)', 'UPM (Finland) ', 'ExxonMobil (United States) ', 'Archer Daniels Midland (United States) ', 'BlueFire Renewables (United States) ', 'Gevo (United States) ', 'Neste (Finland) ', 'Renewable Energy Group (United States) ', 'Green Plains Inc. (United States) ', 'Pacific Ethanol (United States) ', 'Alto Ingredients (United States) ', 'Aemetis (United States) ', 'Verbio Vereinigte BioEnergie AG (Germany) ', 'Clariant (Switzerland) ', 'Novozymes (Denmark) ', 'POET LLC (United States) ', 'Abengoa Bioenergy (Spain) ', 'Cosan (Brazil) ', 'GranBio (Brazil) ', 'LanzaTech (United States)'

Strict government policies as well as mandates on renewable energy are the trending factors propelling the global advanced biofuels market growth. For example, the U.S. Renewable Fuel Standard (RFS), the EU Renewable Energy Directive (RED II), and blending mandates in Brazil and India have all been brought to view the adoption of biofuels as the way forward and, hence, inciting investments in large economies of scale and advancement in production technology.

Expansion of Bio-Methanol for Maritime Decarbonization: Advent of bio-methanol as a preferred low-emission fuel has set sail for many leading shipping firms such as Maersk in monkey see, monkey do behavior. The ever-increasing demand for carbon-neutral shipping solutions drives investments into bioprocess production of bio-methanol from renewable feedstock. For this reason, regulatory pressure, creation of net-zero commitments would spur shipping companies towards adopting this alternative hence perpetuating its long-term growth in the global advanced biofuels trends.

North America leads the global advanced biofuels market due to strong government policies, high investments, and an established biofuel infrastructure. In the U.S., Renewable Fuel Standard (RFS) programs dictate the promotion of ethanol and biodiesel use. More recently, demand for sustainable aviation fuel (SAF) and cellulosic biofuels have emerged as opposing forces strengthening the region's leadership.