Bio Fuels Market Top Companies & Manufacturers Companies

Section 1 — Market Overview

Why Biofuels Market Is Expanding?

The global biofuels market is experiencing robust and sustained expansion, driven by the convergence of transportation decarbonization mandates, energy security imperatives, and the growing demand for sustainable aviation fuel as aviation begins its long-term transition away from fossil jet fuel. Market Research Future estimates the biofuels market at USD 68,802.15 billion in 2024, growing from USD 73,838.63 billion in 2025 to USD 149,658.05 billion by 2035, at a CAGR of 7.32% over the forecast period. Bioethanol continues to be the largest product segment and is produced predominantly by the fermentation of corn (in the United States), sugarcane (in Brazil), and other starch and sugar crops. Global production is concentrated in two dominant markets – the United States, which produces about 15 billion gallons per year, and Brazil, which produces about 8 billion gallons. The second largest and fastest growing sector is the combined biodiesel and renewable diesel, which has been given a boost by the EU’s Renewable Energy Directive III (RED III), the U.S. EPA’s Renewable Fuel Standard (RFS) increased blending mandates for 2026, and the growing co-processing of waste oils and animal fats into hydrotreated vegetable oil (HVO) renewable diesel at refineries worldwide.

Why These Companies Are Leading the Market?

Market Research Future reports four main elements that set top biofuel producers apart from regional rivals. Integration of feedstock offers a large cost advantage, with Archer-Daniels-Midland, Bunge Global SA, Cargill and Valero Energy all benefiting from integrated agricultural supply chains. POET and Neste become more competitive through lower costs and operational efficiency at scale. Neste is also a leader in renewable diesel and sustainable aviation fuel (SAF) technology with flexible manufacturing capacities. At the same time, U.S. producers take advantage of renewable fuel policy incentives, compliance credit management, and tax credit planning to increase profits far beyond traditional fuel pricing.

Section 2 — Top 10 Global Biofuels Companies — MRFR Rankings (2026)

MRFR has identified and profiled the following leading biofuels companies globally, evaluated on production capacity, revenue performance, geographic presence, feedstock strategy, technology platform, and policy positioning.

*Rankings based on MRFR analysis. Revenue figures sourced from official company filings and investor relations disclosures. For diversified companies (Valero, ADM, Bunge, Cargill, BP, TotalEnergies), enterprise revenue is shown; biofuel revenues represent a portion of the relevant segment.

Section 3 — Detailed Company Profiles

1. POET LLC | Private | Sioux Falls, South Dakota, USA

POET LLC is the world’s largest producer of bioethanol and the largest biofuels company in the United States by volume of production, with 35 bioprocessing facilities across nine states (Indiana, Iowa, Michigan, Minnesota, Missouri, Ohio, South Dakota and Tennessee) with a combined annual bioethanol production capacity of 3.1 billion gallons, representing approximately 19% of all U.S. ethanol production. Its integrated business model includes the production of bioethanol and the marketing of 15 billion pounds of high-protein distillers' grains animal feed, 1 billion pounds of corn oil as a feedstock for renewable diesel production, 800,000 tons of bio-CO2 captured for food, beverage and industrial applications, and logistics operations through three terminal facilities. POET, founded in 1986 by Jeff Broin, is a privately held company that has the financial flexibility to make long-term capital investment decisions without the pressure of quarterly results and has established the world’s largest vertically integrated corn-to-biofuel network.

2. Archer Daniels Midland Company (ADM) | NYSE: ADM | Chicago, Illinois, USA

Archer Daniels Midland Company is one of the world's largest agricultural processors and biofuels producers, operating across three primary segments: Ag Services & Oilseeds (AS&O), which processes soybeans and other oilseeds for biodiesel feedstocks; Carbohydrate Solutions, which includes ADM's corn ethanol and biodiesel operations; and Nutrition, which spans food ingredients and specialty products. ADM's biofuel operations produce both corn ethanol from its Midwest dry-mill facilities and biodiesel from soybean oil and other vegetable oil feedstocks — benefiting from its integrated grain origination and processing network that enables direct feedstock access at competitive costs. ADM operates one of the world's largest ethanol production networks in the United States, with production facilities embedded within its broader grain processing infrastructure.

3. Valero Energy Corporation | NYSE: VLO | San Antonio, Texas, USA

Valero Energy Corporation is the world’s largest independent petroleum refiner and a leading producer of biofuels. The company’s biofuels operations are comprised of two distinct businesses: a corn ethanol business that includes 12 plants in the U.S. Midwest with an annual production capacity of 1.7 billion gallons, making Valero the world’s second-largest producer of corn ethanol; and Diamond Green Diesel — a 50:50 joint venture with Darling Ingredients that operates two renewable diesel and SAF facilities in Louisiana and Texas with a combined annual production capacity of 1.2 billion gallons, making it the world’s second-largest producer of renewable diesel. Diamond Green Diesel makes a low-carbon fuel that reduces lifecycle greenhouse gas emissions by up to 80% compared to conventional diesel using waste feedstocks, including recovered animal fats, used cooking oil and distillers' corn oil, that qualify for high-value compliance credits.

4. Neste Corporation | Nasdaq Helsinki: NESTE | Espoo, Finland

Neste Corporation is the world's leading producer of renewable diesel and sustainable aviation fuel, operating renewable fuel refineries in Porvoo (Finland), Rotterdam (Netherlands), Singapore, and Martinez (California, USA) — with production on three continents reaching a total renewable products capacity of approximately 4.5 million tonnes per year as of early 2025. Its proprietary NEXBTL hydrotreatment technology processes a wide range of waste and residue feedstocks — used cooking oil, animal fats, vegetable oils, tall oil, and other lignocellulosic materials — into premium renewable diesel and SAF that are chemically identical to conventional petroleum-based fuels and compatible with existing engines and infrastructure without modification. Neste's global renewable fuel sales serve transportation, aviation, marine, and industrial sectors across North America, Europe, and Asia-Pacific.

5. Bunge Limited | NYSE: BG | St. Louis, Missouri, USA (Bermuda registered)

Bunge Limited is a global agribusiness and food company whose biofuel operations span soybean oil processing for biodiesel feedstocks in North America and Europe, sugarcane ethanol production in Brazil through its BP Bunge Bioenergia joint venture (50:50 with BP), and canola oil processing for renewable diesel feedstocks in Canada. The completion of the Bunge-Viterra merger in July 2025 — creating an approximately USD 34 billion combined agribusiness entity — significantly expanded Bunge's grain origination, oilseed crushing, and biofuel feedstock supply capabilities in North America, South America, and Australia, making it arguably the world's most geographically comprehensive agricultural commodity processor and biofuel feedstock supplier.

6. Cargill Inc. | Private | Minnetonka, Minnesota, USA

Cargill is the world's largest privately held company and one of the largest agribusiness and food corporations in the world, with biofuel operations including corn ethanol processing in the United States, soybean and canola oil crushing for biodiesel and renewable diesel feedstocks across North America and Europe, and animal fat collection for renewable diesel supply chains. Cargill’s biofuel business is well integrated with the company’s other grain, oilseed and food ingredient businesses. It has integrated origination, processing and marketing infrastructure that results in structural cost benefits in feedstock purchasing compared with pure-play biofuel manufacturers. With around 160,000 people, the corporation is present in over 70 countries.

7. Green Plains Inc. | Nasdaq: GPRE | Omaha, Nebraska, USA

Green Plains Inc. is a diversified agri-energy company operating a network of ten corn ethanol production facilities across the U.S. Midwest following the divestiture of the Obion, Tennessee plant to POET in September 2025, with a combined annual ethanol production capacity of approximately 1.0 billion gallons. Green Plains distinguishes itself from pure ethanol producers through its strategic transformation toward Ultra-High Protein (UHP) animal feed production, renewable corn oil extraction, and carbon capture and storage — all enabled by retrofitting its existing ethanol facilities with additional processing and CO2 management equipment. These co-products command substantially higher margins than commodity ethanol and are intended to reduce Green Plains' financial dependence on ethanol price cycles.

8. Renewable Energy Group Inc. (Chevron REG) | Chevron Corporation | Ames, Iowa, USA

Renewable Energy Group (REG) is the largest producer of biomass-based diesel in the United States and the country’s largest producer of biodiesel and renewable diesel with 12 biorefineries in the United States and Germany and a combined capacity of about 408 million gallons per year. In June 2022, REG was acquired by Chevron Corporation for USD 3.15 billion. REG generates biodiesel from soybean oil, corn oil, animal fats, and spent cooking oil and renewable diesel by hydrotreating procedures, for U.S. fuel distributors, fleet operators, and compliance-driven clients under Renewable Fuel Standard standards. REG is a subsidiary of Chevron and has been part of Chevron since 2022, within the Chevron New Energies division, supporting Chevron’s lower carbon fuels strategy with renewable natural gas, hydrogen and other clean energy businesses.

9. BP p.l.c. | LSE: BP | London, United Kingdom

BP plc is a global integrated energy major with significant biofuel operations centered on its Brazilian sugarcane ethanol business, sustainable aviation fuel development programs, and biofuels blending and trading activities. BP's largest biofuel asset is BP Bunge Bioenergia — a 50:50 joint venture with Bunge Limited announced in 2019 and fully operational since 2020 — which operates 11 sugarcane mills in Brazil's Center-South region with combined crushing capacity of approximately 32 million tonnes of sugarcane per year, producing bioethanol alongside co-generated electricity from bagasse, making it Brazil's largest and one of the world's most significant sugarcane bioethanol operations. BP's SAF strategy involves both its own production activities and customer SAF supply agreements across its global aviation fuel distribution business.

10. TotalEnergies SE | Euronext Paris: TTE | Courbevoie (Paris), France

TotalEnergies is a global integrated energy major with a full biofuels and SAF production strategy focused on transforming its European refinery network into biorefinery platforms and developing sustainable aviation fuel production capacity to meet the rapidly growing European SAF mandate market. Its main biofuel assets are the La Mède biorefinery in France (converted from a petroleum refinery in 2019), which processes used cooking oil and other waste feedstocks into HVO biofuel and serves as a feedstock for SAF co-processing, the Grandpuits zero-crude platform (conversion from a petroleum refinery), which will start producing SAF from early 2026 with capacity of up to 230,000 tonnes per year, and SAF co-processing activities at its Gonfreville (Normandy) refinery. TotalEnergies has pledged to produce 1.5 million tons per year of SAF by 2030 to help European aviation meet its decarbonization targets.

Section 4 — M&A Activity Tracker

The global biofuels sector has seen significant strategic transactions from 2019 through 2025, reflecting the consolidation of bioethanol production, the entry of major oil companies into renewable fuels, and the capital-intensive conversion of petroleum refineries into biofuel production platforms.

Section 5 — R&D Investment & Innovation Signals

Global biofuels companies invested in 2025–2026 across sustainable aviation fuel technology scale-up, carbon capture integration with ethanol facilities, next-generation feedstock processing for low-carbon-intensity biofuels, digital production optimization, and direct air carbon capture-enhanced biofuel pathways.

• POET launched advanced digital technology initiatives in October 2025 aimed at improving the efficiency of its bioethanol production processes through data analytics, automation, and AI-driven process optimization — reducing per-unit production costs across its 35-facility network while improving corn-to-ethanol yield consistency and distillers' grains feed quality.
• Neste activated 500,000 tonnes per year of additional SAF production capability at its Rotterdam refinery in April 2025 by modifying existing hydrotreatment units, achieving total global SAF capacity of 1.5 million tonnes per annum — and continued its EUR 1.5 billion Rotterdam expansion that will create the world's largest renewable diesel and SAF refinery when complete in 2027.
• Green Plains deployed commercial-scale carbon capture and storage at three of its Nebraska ethanol facilities — the first U.S. ethanol company to achieve commercial CCS at scale — capturing CO2 from the fermentation process for permanent geological storage, reducing the lifecycle carbon intensity of its ethanol below 30 gCO2e/MJ and qualifying for the 45Z Clean Fuel Production Tax Credit at the highest tier.
• TotalEnergies confirmed in March 2025 that its Grandpuits biorefinery conversion was completing its SAF production unit, on track to produce up to 230,000 tonnes per year of SAF from circular feedstocks from early 2026 — its first zero-crude platform and largest new-build SAF facility — alongside an advanced plastics recycling unit using pyrolysis technology.
• ADM announced in October 2025 the completion of a new biofuel production facility in the Midwest, expanding its renewable diesel output capacity by 30%, reflecting ADM's strategy of investing in capacity aligned with anticipated improvements in U.S. biofuel policy mandates, EPA RFS volume obligations for 2026, and expanded biodiesel blending requirements.
• Valero's Diamond Green Diesel completed its SAF production capacity expansion in Q4 2024 — adding up to 235 million gallons per year of SAF output at the Port Arthur, Texas facility alongside existing renewable diesel capacity — and continued to refine its feedstock flexibility between UCO, animal fats, and distillers corn oil to optimize per-gallon margins in 2025.
• Neste partnered with Amazon Air and FedEx in 2025 to supply SAF through multi-year agreements, demonstrating the commercial scalability of direct airline-to-SAF-producer procurement relationships and validating the cargo aviation sector as a significant near-term SAF demand source ahead of passenger aviation mandate implementation.
• Green Plains' CCS-enabled ethanol and Redwood Materials' second-life battery BESS division both reflect 2025's most novel diversification strategy in the clean energy space: ethanol producers embedding carbon sequestration to qualify for clean fuel credits, while battery recyclers using recovered energy to power bioenergy transition platforms — signaling broader convergence between U.S. biofuels and emerging carbon credit market infrastructure.