World's Top 40 Companies in Green Diesel in 2025 Watch List: Statistics Report (2024–2035)
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Green Diesel Market Size is projected to Grow from USD 33.02 Billion in 2024 to USD 130.12 Billion by 2035, at a CAGR of 13.28 % during the forecast period 2025–2035. The Green Diesel market offers future opportunities in renewable fuel adoption, decarbonization initiatives, government incentives, advanced bio-refining technologies, circular economy models, and rising demand for sustainable transportation alternatives across global automotive, aviation, and industrial sectors.
Introduction
The Green Diesel Market Size is emerging as a crucial component of the global energy transition, driven by the need for sustainable and low-carbon fuel alternatives. Produced from renewable feedstocks such as vegetable oils, animal fats, and waste materials, green diesel offers a drop-in replacement for conventional fossil diesel without requiring engine modifications. Its advantages include lower greenhouse gas emissions, enhanced energy security, and compatibility with existing fuel infrastructure. Supported by stringent environmental regulations, government incentives, and growing corporate sustainability goals, the market is gaining momentum. As industries and transportation sectors prioritize decarbonization, green diesel is positioned for strong future growth.
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Green Diesel Market Size & Statistics
- The Market Size for Green Diesel Was Estimated to be Worth USD 33.02 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 13.28 % Between 2025 and 2035.
- The Global Green Diesel Market Size is Anticipated to Reach USD 130.12 Billion by 2035.
- North America is expected to generate the highest demand during the forecast period in the Green Diesel market.
- Europe is expected to grow the fastest during the forecast period in the Green Diesel market.
Regional growth and demand
Europe is expected to grow the fastest during the forecast period in the Green Diesel market. The European Union's (EU) strict environmental policies and comprehensive sustainability objectives have led to a notable need for renewable fuels. The Renewable Energy Directive (RED) and its updated version, the Renewable Energy Directive II (RED II), establish objectives for boosting the share of renewable energy in transport fuels, promoting the adoption of green diesel and biodiesel mixtures. These rules encourage the development of green diesel by advocating for blending requirements, tax incentives, and goals for reducing carbon intensity, which effectively stimulate market demand and promote investment in renewable fuel technologies.
North America is expected to generate the highest demand during the forecast period in the Green Diesel market. The involvement of major companies like Chevron Corporation, Valero Energy Corporation, Gevo, Inc., Phillips 66, and others in this area enhances opportunities for market growth. Additionally, the US green diesel sector maintained the largest share of the market. In California, the Low Carbon Fuel Standard (LCFS) enables renewable diesel (green diesel) to compete financially with biodiesel and petrodiesel by covering a portion of the expenses. In the Canadian green diesel market, the Clean Fuel Standard, designed to cut greenhouse gas emissions by 30 million tons annually by 2030, is anticipated to drive market expansion. In January 2023, Imperial Oil Canada revealed a commitment of around USD720 million (USD 560 million) to initiate the building of the biggest renewable.
Top 5 Trends in Green Diesel Market
1. Growing Adoption of Renewable Feedstocks
The use of renewable feedstocks such as vegetable oils, used cooking oils, animal fats, and agricultural waste is a defining trend in the green diesel market. Industries are increasingly focusing on diversifying feedstock sources to enhance sustainability and reduce reliance on limited raw materials. Waste-to-fuel technologies are gaining traction, helping to transform by-products into valuable energy solutions. This trend not only lowers greenhouse gas emissions but also supports circular economy initiatives. As governments encourage waste recycling and biofuel adoption, renewable feedstock diversification will play a critical role in strengthening supply chains and ensuring scalability of green diesel production globally.
2. Government Policies and Carbon Reduction Mandates
Stringent environmental regulations and carbon neutrality targets are driving green diesel adoption worldwide. Governments are implementing policies such as renewable fuel standards, carbon credit programs, and emission reduction mandates to accelerate the transition from fossil fuels. Subsidies, tax incentives, and blending mandates are further boosting investment in green diesel production facilities. Regulatory support is encouraging oil majors and renewable energy companies to expand their green fuel portfolios. With increasing global pressure to meet sustainability commitments, compliance with evolving regulations is pushing industries, particularly transportation and aviation, to integrate green diesel as a key part of their energy mix.
3. Expansion of Green Diesel Production Capacity
The rapid scaling of production capacity is a major trend shaping the green diesel market. Energy companies and refiners are investing in new biorefineries and upgrading existing facilities to produce larger volumes of renewable fuels. Joint ventures and partnerships between oil companies, technology providers, and governments are accelerating capacity expansion. Global demand from aviation, shipping, and road transport is encouraging investments in large-scale green diesel projects. With rising feedstock availability and technological advancements, expanding production capacity ensures market stability, reduces costs, and strengthens supply chains, positioning green diesel as a viable mainstream alternative to traditional fossil fuels.
4. Integration with Aviation and Marine Fuels
The integration of green diesel into aviation and marine sectors is becoming a prominent trend, driven by the urgent need for low-carbon solutions in hard-to-abate industries. Sustainable aviation fuels (SAF) derived from green diesel feedstocks are gaining approval and adoption across airlines. Similarly, the shipping industry is exploring renewable fuels to meet strict IMO (International Maritime Organization) emission standards. Blending mandates, pilot projects, and large-scale agreements with airlines and shipping companies highlight green diesel’s potential. This trend signifies a broader application beyond road transport, showcasing its versatility and importance in achieving decarbonization across multiple global transportation segments.
5. Advancements in Conversion Technologies
Technological innovations in hydroprocessing and catalytic conversion are transforming green diesel production efficiency and scalability. Advanced hydrotreated vegetable oil (HVO) processes are enabling higher fuel yields, improved quality, and better compatibility with existing diesel engines. Innovations are also expanding the range of usable feedstocks, including non-food biomass and algae. Automation, AI-driven optimization, and digital monitoring systems are further enhancing operational efficiency. These advancements are lowering production costs and improving lifecycle sustainability. As technology evolves, producers are positioned to scale green diesel output more competitively, strengthening its role as a critical alternative fuel in the global renewable energy transition.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the Green Diesel market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 14 Companies Leading the Green Diesel Market
- Neste Oyj
- Marathon Petroleum Corporation
- Aemetis, Inc.
- NX100 Green Diesel & Lubricants
- Global Clean Energy Holdings, Inc.
- Shell Plc
- PBF Energy Inc.
- Chevron Corporation
- Valero Energy Corporation
- Gevo, Inc.
- Phillips 66
- Honeywell International Inc.
- Eni
- Others
1. Neste Oyj
Headquarters: Espoo, Finland
Neste Oyj is a global leader in renewable fuels and circular solutions, renowned for producing high-quality green diesel from renewable feedstocks. The company’s proprietary NEXBTL technology enables the conversion of waste fats, vegetable oils, and residues into advanced biofuels with lower lifecycle emissions. Neste supplies green diesel to transportation, aviation, and industrial sectors, helping clients meet sustainability targets. With strong global partnerships and expanding production facilities, Neste continues to lead innovation in renewable energy. Its commitment to carbon neutrality and circular economy practices reinforces its position as a pioneer in green diesel and other renewable fuel solutions.
2. Marathon Petroleum Corporation
Headquarters: Findlay, Ohio, United States
Marathon Petroleum Corporation is a major U.S. refining and energy company actively expanding its presence in renewable fuels, including green diesel. Through its subsidiary, Marathon has converted existing refineries to produce renewable diesel, with a focus on leveraging feedstocks like animal fats and used cooking oil. The company’s large-scale production capacity supports the growing demand for low-carbon transportation fuels across North America. By investing in sustainable technologies and collaborating with industry partners, Marathon is aligning with global decarbonization goals. Its strong infrastructure and distribution network provide a competitive advantage in scaling renewable diesel availability to diverse end-use markets.
3. Aemetis, Inc.
Headquarters: Cupertino, California, United States
Aemetis, Inc. is a renewable fuels and biochemicals company dedicated to producing low-carbon fuels, including green diesel. The company focuses on converting agricultural residues, renewable oils, and waste feedstocks into sustainable fuels that reduce greenhouse gas emissions. Aemetis is also investing in advanced carbon capture technologies to enhance sustainability. With operations in the U.S. and India, it is strategically positioned to meet global demand for renewable diesel and sustainable aviation fuel (SAF). The company’s integrated approach to waste-to-fuel production and commitment to innovation enable it to deliver environmentally friendly solutions for both domestic and international energy markets.
4. NX100 Green Diesel & Lubricants
Headquarters: Houston, Texas, United States
NX100 Green Diesel & Lubricants specializes in producing eco-friendly fuels and lubricants designed to support cleaner transportation and industrial operations. The company’s focus lies in the production of green diesel derived from renewable feedstocks, enabling reduced emissions and improved sustainability. NX100 integrates advanced refining processes to ensure product performance and compatibility with existing diesel engines. Its portfolio also includes environmentally responsible lubricants tailored for diverse industrial applications. Positioned as a growing player in the renewable fuel sector, NX100 emphasizes innovation, regulatory compliance, and customer-centric solutions, making it a notable contributor to the global transition toward sustainable energy alternatives.
5. Global Clean Energy Holdings, Inc.
Headquarters: Torrance, California, United States
Global Clean Energy Holdings, Inc. is a renewable fuels company focused on producing ultra-low carbon green diesel from proprietary non-food energy crops and waste feedstocks. The company’s vertically integrated model spans feedstock cultivation, processing, and fuel production, ensuring supply chain resilience and sustainability. Its biorefineries are designed to deliver scalable renewable fuel solutions for transportation and industrial markets. Global Clean Energy emphasizes innovation in crop science to expand renewable feedstock availability. By prioritizing sustainability and emissions reduction, the company plays a critical role in advancing clean energy alternatives, supporting regulatory compliance, and meeting the growing demand for green diesel worldwide.
Are you ready to discover more about the Green Diesel market?
The report provides an in-depth analysis of the leading companies operating in the global Green Diesel market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- Neste Oyj.
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis.
- Marathon Petroleum Corporation
- Aemetis, Inc.
- NX100 Green Diesel & Lubricants
- Global Clean Energy Holdings, Inc.
- Shell Plc
- PBF Energy Inc.
- Chevron Corporation
- Valero Energy Corporation
Conclusion
The Green Diesel market is rapidly gaining importance as a sustainable alternative to conventional fossil fuels, driven by global decarbonization goals, supportive government policies, and advancements in refining technologies. With its compatibility with existing infrastructure and ability to reduce emissions, green diesel is increasingly being adopted across transportation, aviation, and industrial sectors. Expanding production capacities, diversification of renewable feedstocks, and integration into hard-to-abate industries further strengthen its growth outlook. As leading companies continue to invest in innovation and partnerships, the market is set to play a pivotal role in the energy transition, supporting cleaner and more resilient global economies.
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