AFYREN announced the launch of AFYREN NEOXY, the first large biorefinery plant, in Carling Saint-Avold, France. In 2024, the production of biobased carboxylic acids is expected to rise to 16,000 metric tons, saving 30,000 tons of CO2 emissions per year. The plant utilizes short supply chains to generate acids that are 100% biobased.
Veolia announced the inauguration of the world’s largest biorefinery project. The facility is set up to produce carbon-neutral biofuel from pulp production. The technology opens up a considerable potential for bioethanol production, estimated at roughly 2 million tons.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 4883
Published Date: May 01, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing demand for electricity and cleaner fuels, and rising need to reduce carbon emissions are the major factors driving the market growth.
The market size of biorefinery is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2023-2035
The high cost of infrastructure, tough competition from fossil fuels, and feedstock availability affected by climate and land are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Abengoa S.A., Borregaard AS, Cargill, Incorporated, Chempolis Ltd., Clariant, Green Plains Inc., Red River Biorefinery, SGP Bioenergy Holdings, LLC, Veolia Environment SA, and AFYREN SAS
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, product, technology, feedstock, and by region.
The energy driven segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.