Investment Rating - The report indicates a positive outlook for the biodiesel industry, driven by global carbon neutrality goals and supportive policies [1][23]. Core Insights - Biodiesel is gaining significant attention as a renewable and environmentally friendly alternative energy source, with increasing production and consumption globally, particularly in the US and Europe [1][12]. - The report highlights the importance of policy support and technological innovation in expanding the biodiesel market, with expectations for continued growth in market size [1][12]. - China's biodiesel market is currently small due to food security strategies, but there are plans to enhance domestic applications and reduce reliance on exports [1][12][32]. Summary by Sections Policy Environment - The "14th Five-Year" renewable energy development plan emphasizes the promotion of non-grain biomass liquid fuels, including biodiesel [2]. - The National Energy Administration has initiated pilot projects to expand biodiesel applications domestically [2]. - The US has updated its Renewable Fuel Standard to increase biodiesel blending quotas, aiming to reduce reliance on imported oil and lower greenhouse gas emissions [3][40]. Market Demand - Global biodiesel consumption reached 2,262.59 PJ in 2023, marking a 17.29% year-on-year increase, the highest growth rate in a decade [18]. - Europe and North America account for over half of global biodiesel consumption, with Europe being the largest market [40]. - Indonesia is implementing mandatory blending policies (B30 and B35) to boost biodiesel demand, while China's market is expected to grow with supportive policies [41][38]. Market Supply - Biodiesel production is concentrated in Europe, the US, and Asia-Pacific, with palm oil being a primary raw material in Indonesia [29][32]. - China's biodiesel production exceeds 2 million tons annually, with a significant portion exported to the EU, although recent anti-dumping measures have impacted export volumes [32][46]. Future Development Trends - The industry is expected to continue growing due to environmental policies, technological advancements, and increasing market demand [12][13]. - The diversification of raw materials and the acceleration of international expansion are key strategies for the future [12][13]. - Domestic market development is also a focus, with efforts to expand biodiesel applications and reduce external market dependency [12][13].
新能源之生物柴油行业展望：市场需求广阔 国际化布局和打通内循环为发展着力点
Da Gong Guo Ji·2024-12-30 03:05