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Lignocellulosic Feedstock-Based Biofuel Market to Grow by USD 33.6 Billion (2024-2028) as Non-Cropland Use Boosts Revenue, AI Powered Report- Technavio

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NEW YORK, Sept. 18, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global lignocellulosic feedstock-based biofuel market  size is estimated to grow by USD 33.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  50.35%  during the forecast period.  Non-cropland affecting nature of lignocellulosic feedstock is driving market growth, with a trend towards rising ethanol blending rate targets. However, complex and costly conversion process  poses a challenge. Key market players include Aemetis Inc., ALTRET GREENFUELS Ltd, BDI BioEnergy International GmbH, Blue Biofuels Inc., Borregaard ASA, China Petrochemical Corp., Clariant International Ltd., COSAN S.A., DuPont de Nemours Inc., ENERKEM Inc., Genera Inc., Gevo Inc., GranBio Investimentos SA, New Energy Blue LLC, Novozymes AS, and VERBIO Vereinigte BioEnergie AG.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Conversion Process (Biochemical and Thermochemical), Application (Automotive, Aviation, and Others), and Geography (North America, South America, Europe, APAC, and Middle East and Africa)

Region Covered

North America, South America, Europe, APAC, and Middle East and Africa

Key companies profiled

Aemetis Inc., ALTRET GREENFUELS Ltd, BDI BioEnergy International GmbH, Blue Biofuels Inc., Borregaard ASA, China Petrochemical Corp., Clariant International Ltd., COSAN S.A., DuPont de Nemours Inc., ENERKEM Inc., Genera Inc., Gevo Inc., GranBio Investimentos SA, New Energy Blue LLC, Novozymes AS, and VERBIO Vereinigte BioEnergie AG

Key Market Trends Fueling Growth

The transportation sector’s increasing greenhouse gas (GHG) emissions have prompted governments worldwide to set ambitious emission reduction targets. To address this issue, many countries are mandating the use of biofuels by blending them with gasoline. China, the world’s largest transport fuel market, has recently increased ethanol blending from six to all provinces to reduce air pollution, fossil fuel consumption, and improve energy security. Similarly, several European Union (EU) countries are adopting renewable ethanol to meet renewable and climate targets. These rising ethanol blending rate targets will boost the demand for bioethanol, primarily derived from lignocellulosic feedstocks, and drive the global lignocellulosic feedstock-based biofuel market growth during the forecast period. 

The Lignocellulosic Feedstock-Based Biofuel market is on the rise, with trends including the use of Sida hermaphrodita from the Mallow family, halophytes, and feedstocks like Desmostachya bipinnata, Phragmites karka, Panicum turgidum, Brachypodium, and more. Plant Biotechnology is a key driver, focusing on non-cropland sources. The adoption of bioethanol as a transport fuel reduces GHG emissions, with conversion processes using both biochemical and thermochemical methods. Ethanol blending is increasing, making second-generation biofuels a winning imperative. Integrated waste management is essential, and release studies on market synthesis, analyzing multiple parameters like profit, pricing, promotions, and industry influencers. Aviation is a growing sector, with cost and product pricing influenced by political factors, social scenarios, regulations, and spending. Leading and emerging companies expand their company regional and industry footprints, striving for scalability and innovation. 

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Market Challenges

•         Lignocellulosic feedstocks, composed of lignin, hemicellulose, and cellulose, are used to produce biofuels, primarily bioethanol. The production process involves pretreatment, enzymatic hydrolysis, fermentation, and separation. However, the conversion of biomass to sugars is a significant challenge due to the tightly packed cellulose microfibrils and the presence of lignin and hemicelluloses. This limits access of polysaccharides to enzymes during hydrolysis. In fermentation, organisms struggle to efficiently convert pentose sugars, such as arabinose and xylose, and hexoses, including glucose, mannose, and galactose, to ethanol. Other challenges include low microorganism ethanol tolerance, low reaction rates, and incomplete pentose conversion. Commercial production of cellulosic ethanol remains complex and costly due to economies of scale lower than fossil fuels, hindering market growth.

•         The Lignocellulosic Feedstock-Based Biofuel Market is experiencing significant growth due to the increasing demand for renewable and sustainable energy sources. However, several challenges persist in this sector. Company benchmarking is crucial to remain competitive, with key players including Mendel Biotechnology, BP Biofuels, Generac Energy, and others. Lignocellulosic feedstocks, derived from cellulose and lignin in biomass, pose unique challenges. These include the complex structure of cellulose and lignin, requiring advanced thermochemical conversion processes like pyrolysis, torrefaction, and gasification. Feedstocks like wood, short rotation coppice, energy grasses, reeds, and various types of miscanthus (Miscanthus giganteus, Miscanthus sinensis) are under exploration. Drop-in biofuels, such as cellulosic ethanol, offer GHG efficiency advantages over traditional diesel. Utilizing marginal lands, including riparian and wetlands, is essential to minimize soil erosion and reduce the competition with food production. Saline soils and water also pose challenges, with feedstocks like reed canary grass (Phalaris arundinacea), giant reedgrass (Arundo donax), and various types of grasses (Giant King Grass, Napier Grass, Elephant Grass, Pennisetum purpureum) showing potential. Plant breeding and biotechnology play a vital role in enhancing feedstock productivity and sustainability. The Poaceae family, which includes switchgrass and willow, is a focus area for research and development. In conclusion, the Lignocellulosic Feedstock-Based Biofuel Market presents numerous opportunities and challenges, requiring continuous innovation and collaboration to overcome hurdles and drive growth.

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Segment Overview 

This lignocellulosic feedstock-based biofuel market report extensively covers market segmentation by

Conversion Process1.1 Biochemical1.2 ThermochemicalApplication 2.1 Automotive2.2 Aviation2.3 OthersGeography 3.1 North America3.2 South America3.3 Europe3.4 APAC3.5 Middle East and Africa

1.1 Biochemical-  The lignocellulosic feedstock-based biofuel market is experiencing significant growth due to increasing demand for renewable energy sources. This market primarily focuses on converting non-food biomass, such as agricultural waste and wood chips, into biofuels. Key players in this industry include DuPont, Abengoa, and POET, who are investing heavily in research and development to improve production efficiency and reduce costs. Government initiatives and policies supporting renewable energy are further boosting market growth.

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Research Analysis

The lignocellulosic feedstock-based biofuel market refers to the production of biofuels from biomass sources, specifically those rich in cellulose, lignin, and other complex carbohydrates. These feedstocks include wood, short rotation coppice, energy grasses, reeds, and other agricultural residues. The market for these biofuels, which include drop-in biofuels for aviation and diesel, has gained traction due to the adoption of bioethanol as a transport fuel and the potential to reduce greenhouse gas emissions. The cost-effective conversion process involves both biochemical and thermochemical methods, which break down the lignocellulosic material into simpler sugars for fermentation or produce syngas for the production of biofuels through Fischer-Tropsch synthesis. The nature of lignocellulosic feedstocks presents challenges in the conversion process, but ongoing research and technological advancements continue to drive market growth. The biofuel market for lignocellulosic feedstocks is expected to expand significantly as the demand for sustainable and low-carbon transport fuels continues to increase.

Market Research Overview

The Lignocellulosic Feedstock-Based Biofuel Market is a rapidly growing sector focused on producing biofuels from non-food sources, such as cellulose, lignin, wood, short rotation coppice, energy grasses, reeds, and other plant materials. The market is driven by the need to reduce greenhouse gas (GHG) emissions in the transport sector and the availability of marginal lands for feedstock production. Cost is a significant factor in the market, as the conversion process for lignocellulosic feedstocks is currently more expensive than that of traditional corn-based ethanol. Product pricing and political factors also play a role, with regulations and government spending influencing the industry’s growth. Winning imperatives for companies include scalability, innovation, and leading and emerging technologies such as thermocellulosic conversion, cellulosic ethanol, pyrolysis, torrefaction, gasification, plant breeding, and biotechnology. Companies with a strong regional and industry footprint, such as Mendel Biotechnology, BP Biofuels, Genera Energy, and those focusing on Miscanthus species like Miscanthus giganteus and Miscanthus sinensis, are at the forefront of this market. The market also includes various feedstocks, including halophytes, reed canary grass, and various grasses like Napier Grass, Elephant Grass, Pennisetum purpureum, and Poaceae family members. The use of non-cropland and adoption of bioethanol as a transport fuel is a key trend in the market, with second-generation biofuels and integrated waste management playing essential roles in its future development. This market report, published by a reputable provides in-depth analysis of the market, including company benchmarking, market size, growth trends, and future outlook.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Conversion ProcessBiochemicalThermochemicalApplicationAutomotiveAviationOthersGeographyNorth AmericaSouth AmericaEuropeAPACMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Northern Hemisphere Heat Drives Demand for Cooling and Sun-Protection Products on Yiwugo

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YIWU, China, July 24, 2026 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. The final whistle may have blown on the World Cup, but the intense heat gripping the Northern Hemisphere shows no sign of letting up. Europe has experienced unusually hot weather this year, sparking not only a surge in demand for air conditioners but also a boom in portable handheld fans. Merchants on Yiwugo say that in previous years, European customers would begin placing orders in March or April and take their time completing their annual procurement. This year, however, the purchasing season has stretched well into summer, with a flood of new buyers coming in, most of them looking for small handheld fans. With customers eager to capitalize on the peak summer season, delivery timelines have also become significantly tighter. Whereas orders in previous years could generally be fulfilled within a month, merchants are now frequently being asked to deliver within about a week, leaving manufacturers scrambling to keep pace with demand.

Lingpan Official Flagship Store has specialized in the production and sales of small fans, insulated cups, and related products for 15 years. This summer, demand from European customers for high-speed small fans has risen sharply, accompanied by urgent delivery requirements. Many customers began requesting shipment just one week after placing their orders, hoping the products would arrive in time for the World Cup and the ongoing heatwave across Europe. One long-standing European customer purchased only five models of small fans from Lingpan last year. Anticipating stronger demand ahead of this summer, the customer expanded the order to 10 models. The first shipment sold out soon after arriving at port, prompting several subsequent repeat orders. European buyers have shown particular interest in high-speed cooling fans and placed great requirements on product quality. So far this year, Lingpan’s fan sales have more than doubled compared with the same period last year, with total purchases reaching approximately RMB 1 million.

Beyond Europe, the owner of Lingpan, Ling Pan pointed out that the Indian market has also undergone significant changes over the past two years. Indian customers are showing great interest in panda-shaped fans, drinking cups, and related products. Procurement volumes among many Indian buyers have increased substantially, with average annual purchases now reaching several hundred thousand yuan.

Unlike European countries grappling with sudden heat waves, Asian markets such as Japan and South Korea, where summers are consistently hot and air conditioners and fans are already everyday essentials, have shown much stronger demand for sun-protection products. From April 1, 2026 to date, sales of sun-protection masks on Yiwugo have increased by 31.6% YoY, while sales of sun-protection face shields surged by 72.42% and sun hats rose by 8.1%.

Chen Jia, a Yiwugo merchant, has engaged in the production and sales of sun-protection masks and sun-protection face shields for eight years. Chen operates the Xiao Zhen and Xiao Mian Sun-Protection Products Workshop in District 4 of the Yiwu International Trade Market. In recent years, the company has customized cooling nylon fabrics for customers in Japan and South Korea. Sun-protection masks and sun-protection face shields made from this material not only offer UPF 50+ protection, but also maintain a more structured shape and are less susceptible to snagging or deformation. Their protective performance remains effective after routine washing, and the products can last for more than five years under normal use.

In 2024, a TV shopping operator from South Korea contacted Xiao Zheng and Xiao Mian through Yiwugo and began placing orders after inspecting the products in person. Over the following two years, the company continued to improve the fitness and design of its sun-protection products. It introduced sun-protection face shields with breathable mesh panels and incorporated soft supports around the nose area to prevent the masks from rubbing against lipstick. These product upgrades have steadily driven up customer ratings on the client’s store. Annual procurement, initially valued at around RMB 300,000, has risen year by year, and the company has since developed into a recognized brand in the local market.

Persistent heat across the Northern Hemisphere has been creating new forms of cross-border consumer demand while enabling Yiwugo merchants to keenly capture shifts in overseas markets. From the strong sales of small portable fans in Europe to the rising demand for functional sun-protection products in Japan and South Korea, the diversity of orders reflects both consumers’ need for relief from extreme heat and the ability of Yiwu manufacturers to strengthen their presence in global markets through product innovation and rapid fulfillment. Faced with a rapidly changing international market, many merchants are continuing to refine product designs, upgrade fabric techniques, and enhance supply efficiency. By leveraging Yiwugo to broaden their export channels, they are keeping pace with overseas consumption trends and capitalizing on the expanding market for cooling and sun-protection products, turning the summer heat into new momentum for cross-border trade.

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SOURCE Yiwugo.com

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Snorkel AI Highlights First Wave of Open Benchmarks Grants Projects

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SAN FRANCISCO, July 24, 2026 /PRNewswire/ — Snorkel AI today highlighted the first group of projects supported through Open Benchmarks Grants, a $3 million commitment to support open-source datasets, benchmarks, and evaluation research.

Launched in February 2026, Open Benchmarks Grants has received hundreds of applications from researchers, labs, and engineers working to address a growing challenge: AI systems are advancing faster than the field’s ability to rigorously measure their performance on realistic, consequential work.

“From complex environments and huge autonomy horizons to rich, sophisticated outputs, these projects tackle some of the field’s hardest evaluation challenges,” said Fred Sala, a member of the Open Benchmarks Grants steering committee and assistant professor at the University of Wisconsin–Madison. “I’m excited to see the broader research community use, validate, and build on them.”

Open Benchmarks Grants provides selected teams with funding, expert data development support, research and engineering collaboration, and platform resources. Supported projects include:

Frontier-Bench (formerly Terminal-Bench 3.0), developed with Laude Institute and the Harbor community, is a harder, more domain-diverse successor to Terminal-Bench 2.1 — built in the open, task by task, under continuous adversarial review.Agents’ Last Exam, developed with UC Berkeley RDI and the RDI Foundation, evaluates agents on long-horizon, economically valuable professional workflows. It spans 55 sub-industries and includes more than 1,500 tasks toward a 5,000-task target, sourced and validated by more than 300 industry experts.OSWorld 2.0, developed with XLANG Lab, evaluates computer-use agents on 108 long-horizon workflows across 31 self-hosted web environments and professional desktop applications.Continual Learning Bench, developed with UC Berkeley SkyLab and the University of Wisconsin–Madison, measures whether agents genuinely improve across sequential, stateful tasks.SlopCode Bench, developed with the University of Wisconsin–Madison, measures how code quality degrades as coding agents repeatedly modify and extend their own solutions.Terminal-Bench 2.1, developed with Stanford University, Laude Institute and the Harbor community, evaluates agents on challenging work in terminal environments. The release corrected 28 tasks and introduced continuous validation.

With support from Open Benchmarks Grants, Terminal-Bench Science is also now in development, extending the Terminal-Bench framework to computational research workflows across the life, physical, earth, and mathematical sciences.

Beyond the grants program, Snorkel led the development of Senior SWE-Bench with the research teams at Princeton University and the University of Wisconsin–Madison. The benchmark evaluates coding agents on senior-level engineering work, including implementing features from realistic instructions, investigating bugs that require runtime analysis, and producing code that follows existing codebase conventions.

Open Benchmarks Grants was established with support from Hugging Face, Prime Intellect, Together AI, Factory, Harbor, and PyTorch. Applications remain open and are reviewed on a rolling basis.

Learn more and apply for a grant at benchmarks.snorkel.ai.

About Snorkel AI
Snorkel AI is the frontier AI data lab, helping teams build the data and environments behind high-performing frontier and agentic AI. We combine technology with research-driven AI data development to create datasets, benchmarks, evals, and custom solutions for real-world AI systems. Founded out of the Stanford AI Lab in 2019, Snorkel works with leading AI labs and enterprises to move from better data to better outcomes. 

media@snorkel.ai

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Payzli Vaults to No. 3 on Tampa Bay’s Fast 50, Up From No. 22 in One Year

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Payments technology company, Payzli earns a second consecutive Fast 50 ranking, crediting the climb to accelerating partner and merchant growth on its proprietary technology stack.

TAMPA, Fla., July 24, 2026 /PRNewswire/ — Payzli, the partner-first payments technology company, has been named the No. 3 fastest-growing company in the region on the Tampa Bay Business Journal’s 2026 Fast 50 – a 19-spot climb from its No. 22 debut last year, and the company’s second consecutive year on the list.

The ranking was announced July 23 at the Tampa Bay Business Journal’s Fast 50 event in Tampa, where Co-Founder and Chief Revenue Officer Naim Hamdar accepted the award alongside members of the Payzli team.

Payzli attributed its growth to a compounding effect: a national network of ISOs, agents and ISVs bringing merchants onto a technology platform Payzli built and operated in-house. 

That platform rests on three proprietary pillars:

Payzli Connect: the company’s payment CRM and merchant-and-partner dashboard, giving agents and ISOs daily residuals visibility and giving merchants a single place to run their account.Payzli POS: AI-powered point-of-sale and business software purpose-built for service businesses, including salons, med spas, wellness studios, and independent operators.Payzli Transact: an online payment gateway built on Visa Platform Connect through Payzli’s partnership with Visa Acceptance Solutions.

The Visa Acceptance Solutions partnership is central to how Payzli frames its credibility: rather than assembling a growth story on top of borrowed infrastructure, the company processes on rails backed by one of the most established networks in the industry alongside Fiserv and TSYS – a point that matters to the partners and merchants deciding where to place their volume.

“A second year on this list, and a jump to No. 3, isn’t about one good quarter. It’s about a network deciding to build with us and stay,” said Naim Hamdar, Co-Founder and Chief Revenue Officer of Payzli. “Every rank on this list represents partners we’ve earned and merchants who trust us to run their payments. We built the technology in-house so we could keep the promises the industry usually breaks: nothing hidden, a real person in reach, and daily residual visibility our agents can actually count on. That’s what this ranking measures and it’s why we’re doing it all, for the joy of business.”

“They say nothing in Tampa moves fast except the afternoon thunderstorms, so making the Fast 50 two years running feels pretty good,” said Kapil Pershad, Co-Founder and Chief Technology Officer of Payzli. “In all seriousness, this is a credit to our team and the businesses that trust us to power their growth.”

The Fast 50, produced by the Tampa Bay Business Journal, recognizes the fastest-growing private companies in the Tampa Bay region. Payzli’s return to the list and its move into the top three reflects a merchant-first product suite and a rapidly expanding national partner network across the payments and embedded-finance landscape.

About Payzli

Payzli is an end-to-end payments technology partner that makes accepting payments simpler and affordable for businesses of all sizes and risk levels. Founded in 2020 and headquartered in Tampa, Florida, Payzli brings together in-person processing, an advanced online gateway, AI-powered point of sale, and mobile and contactless payments – backed by its own technology, honest pricing, and dedicated human support. Built partner-first, Payzli equips ISOs, agents, developers, and independent software vendors to grow, with direct integrations to major processing platforms, in-house underwriting, a flexible credit policy, a Visa Acceptance Solutions foundation partnership, and sponsor-bank backing from Esquire Bank, a NASDAQ-listed strategic investor in Payzli. For more information, email partners@payzli.com or visit payzli.com.

Payzli is a registered trademark of United Payment Systems LLC. United Payment Systems LLC is a registered ISO of Esquire Bank (Jericho, NY), Commercial Bank of California (Irvine, CA), and KeyBank, National Association (Cleveland, OH).

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