GLOBAL FLEXFUEL MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Market News

Recent Developments

New product launches

• In January 2022, Archer Daniels Midland Company, a U.S.-based multinational food processing and commodities trading corporation involved in the production of oilseeds, corn, wheat, cocoa, and other agricultural commodities, launched its enhanced VERITASTM ultra-low carbon ethanol solution for cleaner transportation fuels. This new ethanol solution significantly reduces carbon intensity as compared to traditional ethanol.
• In September 2021, DuPont, a U.S.-based chemical company that was founded in 1802 by French-American chemist E.I. du Pont, announced the commercial launch of its newest enzyme technology, -DuPont's sustainable solutions for better ethanol (SSBETM). This new enzyme innovation improves the ethanol production process efficiency.
• Acquisition and partnerships
• In February 2022, Bunge Limited, agribusiness and food company, acquired a corn ethanol plant in the U.S. from Southwest Iowa Renewable Energy. These 120 million gallons per year dry-mill ethanol plant acquisition aligns with Bunge Limited’s strategy to grow its renewable fuels business.
• In June 2021, Archer Daniels Midland Company and Gevo Inc. announced a partnership to produce sustainable aviation fuel by using ethanol and carbon capture. Gevo Inc. is a renewable chemicals and advanced biofuels company that focuses on delivering low-carbon sustainable fuels and chemicals. This partnership combines Archer Daniels Midland Company (ADM's) ethanol production and Gevo's expertise in sustainable aviation fuel production.