International oil prices rise sharply, biodiesel alternatives expand

Biodiesel, also known as fatty acid methyl ester, is made from animal and vegetable oils or waste oils as raw materials, and is made from methanol or ethanol through transesterification or esterification reaction under the action of a catalyst. Biodiesel has excellent reproducibility and environmental protection, and is an internationally recognized renewable and clean energy. As an excellent substitute for petrochemical diesel, biodiesel can be used in power fuel, bio-based materials and other fields.

There are many raw materials for biodiesel, including vegetable oils such as corn oil, soybean oil, rapeseed oil, and palm oil, as well as animal oils, microbial oils, and waste catering oils and fats (UCO). Among them, soybean oil is the most important raw material for biodiesel production in the world, accounting for More than 65%. Specifically, biodiesel in the United States, Brazil, Argentina and other countries is mainly based on soybean oil, Europe is mainly on rapeseed oil, and my country uses catering waste grease as the main raw material.

According to the “2022-2026 China Biodiesel Market Survey and Industry Analysis Report released by the Industrial Research Center, biodiesel is clean Energy, in the context of global carbon reduction, the market demand for biodiesel is growing rapidly, but the supply-side biodiesel production has not grown significantly, which has largely restricted the development of the industry. Global biodiesel production capacity is mainly concentrated in Europe, Asia-Pacific and other regions, with the combined production capacity of these two regions accounting for more than 60%.

Globally, European biodiesel production and demand have maintained a leading level. In 2021, European biodiesel demand will be around 16.8 million tons. In early 2022, affected by the Russia-Ukraine conflict, international crude oil prices remained high. Against this background , Europe’s demand for biodiesel will further grow. At the same time, European environmental protection policies and emission reduction policies are becoming increasingly strict, which also provides broad space for the development of the biodiesel industry. It is expected that the demand for biodiesel in Europe will grow to more than 30 million tons in 2028.

my country is one of the important biodiesel production areas. In 2021, domestic biodiesel production will be about 1.54 million tons, a year-on-year increase of about 17.2%. my country’s biodiesel is mainly exported, with Europe being the main export destination. Overall, the growing demand for biodiesel in Europe is good for the development of the domestic biodiesel industry. my country’s biodiesel production companies mainly include Zhuoyue New Energy, Hebei Jingu Group, Zhejiang Dongjiang Energy, Hebei Longhai Biotechnology, Jia’ao Environmental Protection, etc. At present, my country’s biodiesel market is still in its early stages of development, and industry development still suffers from problems such as low capacity utilization, small enterprise scale, and low technical level. However, in the long run, with increased national support and increasingly strict environmental protection supervision, biodiesel will The development prospects are broad.

Industry analysts said that biodiesel is a clean energy source. Against the backdrop of increasingly stringent environmental protection regulations, biodiesel has broad application space. Our country’s biodiesel is mainly exported. Affected by the conflict between Russia and Ukraine, international oil prices have increased significantly, and the substitution speed of biodiesel has accelerated, which is beneficial to the development of the domestic biodiesel industry. In order to seize this opportunity, domestic companies have also expanded production. In the future, our country Biodiesel production capacity will be further improved.