Rising Government regulations regarding Carbon Emissions and the promotion of cleaner fuel are Accelerating the Bio-LPG Market in the Europe Region!

Europe acquired the largest share in the Bio-LPG market and is expected to witness an influential CAGR in the forecasted period. It is mainly owing to a large number of Bio-LPG operational projects taking place in Germany, Italy, France, and the UK. Moreover, favorable government policies, regulations, and investments in achieving climate change goals are driving the Bio-LPG Market during the forecast period. The key players in this market are leading energy companies, including the British-Dutch Shell, Italian Eni, French Total Energies, Finnish Neste, Swedish Preem. Majority of these companies have their production facilities located in Europe. The European market also receives significant volumes of product from a number of other bio-refineries, including the Ekobenz catalytic bioethanol plant (22.5 thousand tons/year) in Poland. Incentives for the development of the bioLPG market in Europe are the need to achieve the target share of renewable fuels at 40% in the structure of final consumption in accordance with the requirements of the European Commission’s Fit for 55 programs; the prospect of extending the European ETS to the housing sector by 2025.

Access sample report (including graphs, charts, and figures): https://univdatos.com/get-a-free-sample-form-php/?product_id=46974

Moreover, favorable government policies, regulations, and investments in achieving climate change goals are driving the Bio-LPG Market during the forecast period. While multiple production pathways are under development, nearly all bio-LPG produced today is a byproduct of vegetable and waste-based oil feedstocks that undergo hydrotreatment to make hydrotreated vegetable oil (HVO) and sustainable aviation fuel (SAF). The bio-LPG yield from this process is typically between 3 percent and 10 percent.

One of the biggest markets is Europe and most of the volumes of Bio-LPG products are mainly consumed in the European market, a result of the intensification of refinery modernization processes and the launch of new projects for biofuel production. The largest of these is the Neste plant in Rotterdam, the Netherlands, which can produce up to 40,000 tonnes of bio-LPG per year. The European market is also supplied by a number of other bio-refiners in large quantities, such as the Ecobenz catalytic bioethanol plant in Poland (22.5 kt/year). Outside of Europe, a Bio-LPG production facility in Singapore and a demonstration project in Japan offer the potential to establish supply chains in Asia.

Europe Bio-LPG Market Revenue (2020-2030)- USD Bn

• · Based on feedstock, the Bio-LPG market is divided into residual/waste, oil, and other segments. The Residual/Waste segment acquired a majority share in the Bio-LPG market and is expected to showcase a substantial growth rate during the forecast period. The feedstock required for a given production pathway is critical to its business rationale, impacting process viability, operating costs and the breakeven price of the investments. Feedstock availability for each process, Required research and development investment and time to market, and Efficiency of the commercialized technology are the main factors affecting the market for each feedstock.

• Based on End-User, the Bio-LPG market is divided into residential and commercial segments. The commercial segment acquired a majority share in the Bio-LPG market and is expected to showcase a substantial growth rate during the forecast period. Although the residential segment captured a majority share in the LPG market, the Bio-LPG market is in its initial phase and is usually available for commercial use. The major driver for the Bio-LPG market is the promotion of cleaner fuel with government incentives for these commercial enterprises. The low availability of bio-LPG is the major restraint for the residential segment not having a majority share in the Bio-LPG market.

Click here to view the Report Description & TOC https://univdatos.com/report/bio-lpg-market/

Global Bio-LPG Market Segmentation

Market Insight, by Feedstock

• Residual/Waste
• Oil
• Others

Market Insight, by End-User

• Residential
• Commercial

Market Insight, by Region

• North & South America
  • U.S.A.
  • Canada
  • Rest of North & South America
• Europe
  • Germany
  • Italy
  • United Kingdom
  • France
  • Netherland
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • Rest of APAC
• Rest of the World

Top Company Profiles

• British-Dutch Shell
• Italian Eni
• French Total Energies
• Finnish Neste
• Swedish Preem
• AvantiGas
• Repsol
• Irving Oil
• Renewable Energy Group, Inc.
• SHV Energy