CALIFORNIA, August 2, 2017 - Grand View Research reports a growth rate of 7.3 percent in the global biodiesel market. The firm projects this renewable fuel market will reach $54.8 billion by 2025, up from an estimated $28.04 billion in 2016. It attributes the boom to the fuel’s environmental friendliness and ability to combat greenhouse gas emissions as well as speculation that biodiesel will someday replace fossil fuel.
Biodiesel market worth $54.8 billion by 2025: report.
