Technology

BCC Research Presents: Biodiesel Feedstocks – A Global Market Analysis

Published

2 years ago

February 19, 2024

Biodiesel feedstocks are the raw materials used to produce biodiesel, a renewable and clean energy source They vary in their technologies, synthesis methods, efficiency levels, and policies that regulate their production and use.

BOSTON, Feb. 19, 2024 /PRNewswire/ — According to the latest BCC Research study, the demand for Biodiesel Feedstocks: Technologies, Synthesis, Efficiency and Policies is estimated to increase from $46.3 billion in 2022 to reach $51.6 billion by 2028, at a compound annual growth rate (CAGR) of 3.7% from 2022 through 2028.

Embark on a journey through the dynamic biodiesel market landscape with BCC Research’s latest report, meticulously crafted to unveil the intricate developments shaping the industry. Delving into the core of biodiesel production, the report meticulously categorizes feedstock types, ranging from versatile vegetable oils like rapeseed, palm oil, soybean oil, sunflower oil, corn oil, to the sustainable repurposing of used cooking oil, alongside the utilization of animal fats. By dissecting the market based on applications and regions, readers gain invaluable insights into the diverse uses and geographical demands of biodiesel. Each segment evaluation not only provides comprehensive market size estimations but also offers a forward-looking forecast, guiding stakeholders through growth projections up to 2028. The journey culminates in a panoramic view of the competitive landscape, featuring insightful company profiles of key players steering the global biodiesel market towards a greener future.

The dynamics of the biodiesel industry are undergoing a significant shift, characterized by stagnation in production within traditional markets like the U.S. and EU, contrasted with the burgeoning growth of the renewable diesel sector. While biodiesel faces challenges in established markets, developing nations such as Indonesia, Malaysia, China, and Brazil are witnessing a surge in both production and consumption. Notably, China has emerged as a major player in the renewable diesel market, surpassing Argentina as the largest exporter to Europe. In 2023 alone, China’s exports to Europe experienced a remarkable spike, soaring by nearly 40%. This trend has led to a notable transformation in the U.S., where approximately 13 biodiesel plants have shuttered operations due to the allure of investments in renewable diesel. As the global energy landscape continues to evolve, these shifts underscore the need for industry stakeholders to adapt to changing market dynamics and explore new avenues for sustainable fuel production.

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Key Drivers of Biodiesel Feedstocks: Technologies, Synthesis, Efficiency and Policies

Stringent Policies: Numerous nations have enacted policies aimed at promoting biodiesel usage and curbing reliance on fossil fuels. For instance, the European Union has set ambitious targets, aiming for 10% renewable energy in transportation by 2020, escalating to 14% by 2030. Meanwhile, the United States has implemented the Renewable Fuel Standard, mandating the blending of specified volumes of biofuels with gasoline and diesel. These regulations foster a demand for biodiesel, incentivizing its production and distribution.

Environmental Policies and Incentives: Biodiesel stands out as a cleaner and more eco-friendly alternative to conventional diesel, significantly reducing carbon dioxide emissions, particulate matter, and other pollutants. Moreover, biodiesel’s utilization of waste materials like used cooking oil and animal fats prevents their disposal in landfills or water bodies, benefiting the environment. In response, many governments and organizations have introduced environmental policies and incentives to bolster the biodiesel industry. For example, the European Commission’s proposal of a carbon border adjustment mechanism would impose taxes on carbon-intensive imports like fossil fuels, rendering biodiesel more competitive and appealing. Similarly, the U.S. Environmental Protection Agency’s assignment of higher values to renewable identification numbers for biodiesel offers economic incentives for producers and blenders, further supporting the industry.

Energy Security: Biodiesel emerges as a key player in enhancing a nation’s energy security by diminishing its reliance on imported fossil fuels and diversifying energy sources. With the flexibility to be produced from various locally or regionally sourced feedstocks, biodiesel mitigates risks associated with supply disruptions, price fluctuations, and geopolitical tensions affecting fossil fuel availability and affordability. Additionally, biodiesel’s superior properties, including a higher cetane number, lubricity, and oxygen content compared to traditional diesel, not only enhance engine performance and efficiency but also contribute to prolonging engine life and reducing maintenance costs.

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Report Synopsis

Report Metrics

Details

Base Year Considered

2022

Forecast Period Considered

2023-2028

Base Year Market Size

$46.3 billion

Market Size Forecast

$51.6 billion

Growth Rate

CAGR of 3.7% from 2023 to 2028

Segment Covered

By Feedstock Type, Application, and Geographic Region

Regions Covered

North America, EMEA (Europe, the Middle East and Africa), Asia-Pacific, and South America

Key Market Drivers

Stringent Policies Environmental Policies and Incentives Energy Security

Biodiesel Feedstocks: Technologies, Synthesis, Efficiency and Policies Segmentation:

Feedstock Type Segmentation

This segment intricately classifies the biodiesel market based on the specific raw materials utilized in biodiesel production. Key categories include vegetable oils, animal fats, and other waste sources. Vegetable oils encompass a wide range of oils such as rapeseed, palm, soybean, sunflower, and corn oil, each contributing unique properties to the biodiesel produced. Animal fats consist of materials like tallow, lard, and poultry fat, offering alternative sources for biodiesel production. Additionally, other waste sources like used cooking oil, grease, and algae present innovative avenues for sustainable biodiesel production. The choice of feedstock type significantly impacts the quality, cost, availability, and sustainability of biodiesel, thereby influencing market dynamics and consumer preferences.

Application Type Segmentation

This segment divides the biodiesel market according to the specific end uses or purposes of biodiesel. Primarily, applications are categorized into transport and other miscellaneous uses. Within transport, biodiesel finds applications in automotive, aviation, marine, and rail sectors, each with distinct performance requirements and regulatory frameworks. Meanwhile, other uses encompass diverse sectors such as power generation, heating, and industrial processes, reflecting the versatility of biodiesel beyond transportation. The application type plays a pivotal role in determining demand patterns, performance characteristics, and regulatory considerations governing biodiesel usage across various sectors.

Region Segmentation

This segment delineates the biodiesel market based on geographical regions encompassing production, consumption, and trade activities. Major regions include North America, EMEA (Europe, Middle East, and Africa), South America, and Asia-Pacific, each exhibiting unique market dynamics shaped by regional policies, technologies, and growth trends. The regional factor significantly influences market size, growth trajectories, policy landscapes, and technological advancements within the biodiesel industry, reflecting the diverse socio-economic and environmental contexts across different global regions.

This report on the Biodiesel Feedstocks Technologies, Synthesis, Efficiency and Policies provides comprehensive insights and analysis, addressing the following key questions:

1. What is the projected market size and growth rate of the market?

The global biodiesel market is expected to grow from $46.3 billion in 2022 to $51.6 billion in 2028. The market is expected to witness a CAGR of 3.7% from 2023 to 2028.

2. What are the key factors driving the growth of the market?

Increasing Demand for Low-Carbon Intensive Feedstock.

Government policies and incentives.

3. What segments are covered in the market?

This BCC Research report studies the developments in the biodiesel market worldwide. It analyzes the type of feedstock used in the market and their future scope, analyzing three feedstock: vegetable oil, animal fat, and other wastes. An analysis of major geographical markets, North America, EMEA, South America, and Asia-Pacific, is also provided. Each segment evaluation includes market size estimates for biodiesel and a forecast for 2028.

4. By feedstock type, which segment will dominate the market by the end of 2028?

The vegetable oil sector will dominate by the end of 2028 because of well-established technology and easy feedstock access.

5. Which region has the highest market share in the market?

In 2022, the EMEA had the highest market share, followed by North America and Asia-Pacific. Transport sectors’ growing demand, stringent biofuel policies, and incentives derived the market.

Some of the Key Market Players Are:

AG PROCESSING INC.ARCHER DANIELS MIDLAND CO. (ADM)ARGENT ENERGYAVRIL GROUPCARGILL INC.CHEVRON RENEWABLE ENERGY GROUPENI S.P.A.HF SINCLAIR CORP.NESTE OYJPOET LLC.

Browse More Related Reports:

Algae Biofuel: Global Markets: This report comprehensively covers the global algae biofuel industry, offering definitive estimates and forecasts of worldwide markets from 2022 to 2027. Through meticulous analysis of various regions, countries, and applications, it provides insights into the present scenario and growth prospects of the market. Leveraging data from R&D, pilot stage, and industrial-scale production, market size calculations are based on capacity and expansion plans, augmented by extensive literature research. The competitive landscape is outlined, showcasing detailed profiles of key players. Moreover, the report delves into market dynamics, including drivers, restraints, opportunities, and challenges, while also examining emerging trends and their impacts. Notably, the COVID-19 pandemic and the Russia–Ukraine war have cast negative economic shadows on the market, with 2020 witnessing an assumed downturn across segments. However, amidst these challenges, burgeoning economies such as India, Malaysia, and Indonesia are emerging as lucrative markets, drawing significant investments and fostering heightened consumer spending in the algae biofuel sector.

Biofuels: Global Markets: The BCC Research report offers a comprehensive overview of the biofuel industry, covering various types of biofuels, manufacturing methods, feedstock options, plant costs, and operating margins. It provides detailed analyses of major geographical markets including North America, Europe, South America, Asia-Pacific, Africa, and the Middle East, with market size estimates and growth forecasts up to 2028 for ethanol, biodiesel, and other fuel types sales. Additionally, the report examines technical and commercial developments in advanced biofuels and emerging technologies within the sector. A thorough assessment of the competitive landscape of the global biofuel market is provided, along with discussions on emerging technologies and company profiles of key players in the industry.

Directly Purchase a copy of the report with BCC Research.

For further information or to make a purchase, please get in touch with info@bccresearch.com.

About BCC Research

BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Our experienced industry analysts’ goal is to help you make informed business decisions, free of noise and hype.

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Technology

Safetyfirst Systems, LLC Provides Notice of Data Security Event

Published

40 minutes ago

July 24, 2026

PARSIPPANY, N.J., July 23, 2026 /PRNewswire/ — Safetyfirst Systems, LLC (“SFS”) is providing notice of a data security event that may involve information relating to certain individuals. While SFS is not aware of any misuse of information associated with this event, it is providing notice to potentially affected individuals out of an abundance of caution.

On January 19, 2026, SFS identified suspicious activity involving a limited portion of its server environment. Upon discovering the activity, SFS quickly took steps to secure its systems, notified federal law enforcement, engaged leading third-party forensic specialists, and performed a detailed investigation into the nature, scope, and impact of the activity. The investigation determined that an unauthorized actor accessed and/or acquired certain files from limited SFS systems between January 16, 2026, and January 19, 2026. SFS then conducted a comprehensive review of the affected files to determine what information may have been involved and identify the individuals to whom the information relates. The review has recently concluded, and SFS is providing this notification to potentially impacted individuals out of an abundance of caution. Although the types of information vary by individual, the affected information may include names, Social Security numbers, and driver’s license numbers.

Protecting the privacy and security of the information entrusted to SFS is a responsibility the company takes very seriously. In response to this event, SFS promptly strengthened security measures, continues to enhance its technical safeguards and monitoring capabilities, and is reviewing existing policies and procedures to further protect against similar incidents in the future. SFS is also providing notice to potentially affected individuals and, where required, appropriate regulatory authorities.

Although SFS is unaware of any misuse of personal information impacted by this event, individuals are encouraged to remain vigilant against events of identity theft by reviewing account statements, explanation of benefits, and monitoring free credit reports for suspicious activity and to detect errors. Any suspicious activity should be reported to the appropriate insurance company, health care provider, or financial institution.

Individuals seeking additional information regarding this event can contact SFS’s dedicated assistance line at 1-833-289-5523 between the hours of 7:00 a.m. to 7:00 p.m. Eastern time, Monday through Friday, excluding holidays. Individuals may also write to SFS at PO Box 101, 3299 US Highway 46, Parsippany, NJ 07054-9998.

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SOURCE Safetyfirst Systems, LLC

Technology

Sunrate and Mastercard Release White Paper on Agentic AI and the Future of B2B Global Payments

Published

40 minutes ago

July 24, 2026

SHANGHAI, July 24, 2026 /PRNewswire/ — Sunrate, the global payment and treasury management platform, and Mastercard, a global technology company in the payments industry, unveiled a joint white paper, Beyond Automation: Defining Agentic Global Payments, at the 2026 World Artificial Intelligence Conference (WAIC).

Among the first reports in the payments industry to examine the impact of Agentic AI on B2B cross-border payments, the white paper provides a comprehensive framework for understanding how AI agents are reshaping enterprise payment operations. It proposes that cross-border payments are evolving beyond digitisation and automation into a new stage: Autonomy—where AI agents with reasoning, planning, and execution capabilities can independently orchestrate and optimise end-to-end payment and treasury workflows within defined governance frameworks.

As businesses expand across borders, B2B cross-border payments continue to be constrained by fragmented workflows, disconnected systems, foreign exchange inefficiencies, rising compliance requirements, and complex reconciliation processes. While traditional automation improves individual tasks, the white paper demonstrates that Agentic AI represents a fundamental shift by enabling intelligent agents to coordinate entire payment journeys across systems, counterparties, and approval workflows.

Drawing on Sunrate’s global payment infrastructure and AI-native product capabilities, together with Mastercard’s expertise in secure payment networks and data intelligence, the white paper defines Agentic Global Payments — a new category of AI-native global payment infrastructure built to automate and manage complex enterprise workflows.

The report identifies 16 major pain points across the B2B payment lifecycle and outlines 13 high-value AI use cases spanning supplier onboarding, accounts payable and receivable, virtual commercial cards, payment routing, foreign exchange management, compliance screening, fraud detection, reconciliation, and conversational operational support. It also demonstrates how AI agents can automate complex workflows—from extracting information across multiple document formats and conducting compliance checks to initiating payments, optimising FX execution, and completing reconciliation—while operating within enterprise governance and control frameworks.

The white paper further highlights that trusted adoption of agentic payments depends on more than technological capability. It identifies governance, transparency, security, and ecosystem collaboration as essential foundations for enterprise deployment, supported by frameworks such as Know Your Agent (KYA), payment tokenisation, auditability, and cross-industry interoperability.

Sunrate.AI portfolio currently includes the Payment Agent, FX Agent, Compliance Agent, Onboarding Agent, and Chat Agent, designed to help enterprises automate and optimise critical payment and treasury processes while maintaining compliance and operational control.

Mastercard has also been actively building the foundations for trusted agentic commerce – combining AI capabilities with verifiable authorisation, clear accountability and proven payments security. Its work in this area, including Agent Pay (alongside Agent Pay for Machines) and Verifiable Intent, are proof points in how Mastercard is enabling AI to participate in commerce safely and transparently.

“Our mission is to make global payments seamless, compliant, and intelligent,” said Paul Meng, Co-founder and CEO of Sunrate. “As businesses continue expanding internationally, AI agents will fundamentally reshape how enterprises manage global payments—enabling smoother capital flows, reducing operational friction, and embedding real-time intelligence into every payment decision. This white paper represents an important step in helping the industry understand how Agentic AI can be deployed responsibly at enterprise scale.”

“Agentic commerce is changing how businesses make and execute payment decisions, but speed without accountability creates new categories of risk,” said Anouska Ladds, Executive Vice President, Commercial & New Payment Flows, Asia Pacific, Mastercard. “As AI starts to act on behalf of businesses, autonomous payment decisions need a clear, auditable chain of identity, intent and action. That’s what allows organisations to delegate with genuine confidence — and what will determine whether agentic commerce scales past pilots.”

Released under WAIC 2026’s theme, “Intelligent Partners, Co-creating the Future,” the white paper provides business leaders with practical guidance on adopting AI-driven payment capabilities, covering implementation approaches, governance considerations, and real-world enterprise applications.

By combining Sunrate’s expertise in global payments and treasury management with Mastercard’s trusted payment infrastructure and network capabilities, the collaboration reflects a shared commitment to accelerating the next generation of intelligent, secure, and autonomous B2B global payments.

Click here to check the white paper.

About Sunrate

Sunrate is a leading global payment and treasury management platform for businesses worldwide. Founded in 2016, Sunrate has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge infrastructure, global network, and unified solutions.

Sunrate operates through offices across key markets, including Singapore, Kuala Lumpur, Jakarta, Hong Kong, Shanghai, and London. The company partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan. Sunrate is also the principal member of Mastercard and Visa. To learn more about Sunrate, visit https://www.sunrate.com/.

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

www.mastercard.com

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Technology

JAMS Launches AI for Enterprise Job Scheduling: JAX and JAMS MCP

Published

40 minutes ago

July 24, 2026

A new AI agent and an open-standard connector let IT teams query, diagnose, and manage automation in plain language, on the model they choose, with operational data able to stay onshore inside their own network

SYDNEY, July 24, 2026 /PRNewswire/ — JAMS Software, an orchestration solution for scheduled and event-driven automation, today announced the general availability of two AI capabilities for enterprise job scheduling: JAX, an AI agent built into the JAMS Web Client, and JAMS MCP, a connector built on the open Model Context Protocol standard that brings JAMS into external AI coding tools. Both capabilities ship at no additional cost as part of JAMS Web.

Automation environments grow faster than the teams that run them. Jobs multiply across SQL Server, Azure Data Factory, Airflow, SAP, JDE, and Banner, and when one fails, finding the root cause often means searching several consoles at once, frequently outside business hours. At the same time, IT leaders carry pressure to adopt AI while staying accountable for where operational data goes. JAX and JAMS MCP close both gaps together.

Full details on how JAX and JAMS MCP work, including the control model behind every action, are available at jamsscheduler.com/product/ai.

JAX is an AI agent that runs inside the JAMS Web Client. It finds jobs, troubleshoots failures, and answers how-to questions in plain language, with each response grounded in the JAMS user guide and checked against a built-in glossary. JAX acts only when a user asks it to. Reads flow freely, and every write action pauses for the user’s explicit approval before it runs. JAX does not learn between sessions, and conversations are not retained on the server.

JAMS MCP is a connector, built on the open Model Context Protocol standard, that brings JAMS into the AI tools engineering teams already use, including Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex. Users query jobs, investigate failures, and manage runs in plain language without leaving their tool.

Both capabilities run inside the customer’s own network and act as the signed-in user, with that user’s exact JAMS permissions. There is no elevated AI account: whatever a user cannot do in the JAMS interface, JAX and JAMS MCP cannot do on that user’s behalf. Every JAX and MCP operation is recorded in its own dedicated log, and changes made through the JAMS API land in the JAMS audit trail like any other change. Customers choose their own AI model, whether a commercial provider such as OpenAI or Anthropic or a model running entirely on their own hardware, and JAMS never trains on customer data. In the current release, neither feature edits or deletes a job, folder, schedule, or agent definition. For teams that need operational data to stay onshore, JAX runs on a local model entirely inside the customer’s own network, so nothing leaves at all.

“Adopting AI usually means giving something up, most often visibility into where your data goes,” said Pete Hegland, Chief Executive Officer of JAMS Software. “We built JAX and JAMS MCP so that trade does not have to happen. Every action runs as the signed-in user, every change waits for approval, and the model can run on the customer’s own hardware, keeping operational data onshore.”

“For teams across Australia, New Zealand, and Singapore, two things matter: keeping data onshore, and getting answers when a job fails after hours,” said Shayne Cooper, Account Executive for APAC at JAMS Software. “JAX and JAMS MCP address both. The model can run on the customer’s own hardware, and the answer arrives in plain language at the moment it is needed.”

JAX and JAMS MCP are available now to all JAMS Web customers across Australia, New Zealand, and Singapore, with no separate licence, SKU, or additional cost. AI-assisted creation of new jobs and workflows from a plain-language description is on the roadmap for a future release, gated by the same approvals and permissions as every other action.

Learn how JAX and JAMS MCP work at https://jamsscheduler.com/product/ai.

Fast facts

JAX is an AI agent built into the JAMS Web Client for job scheduling and workflow automation.JAMS MCP is a connector built on the open Model Context Protocol standard, for Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex.Both act as the signed-in user, with that user’s exact JAMS permissions, and there is no elevated AI account.Customers choose the AI model, including a local model that runs entirely inside their own network.JAMS never trains on customer data.Both are available now at no additional cost as part of JAMS Web.

About JAMS Software
Founded in 1987, JAMS Software is an orchestration solution that helps IT teams centralize, automate, and manage scheduled and event-driven jobs across complex, hybrid environments. Over 850 customers rely on JAMS to run their automated workloads. JAMS Software, LLC is headquartered at 108 Patriot Drive, Suite A, Middletown, DE 19709.

Media Contact
Bobby Schmidt, Vice President of Marketing
press@jamssoftware.com
800.261.4267

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