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3. New Product Developments, Investments and Expansions, Contracts & Agreements, and Mergers & Acquisitions are the Major Strategies Adopted by the Players in the Bioliquid Heat and Power Generation Market

The global bioliquid heat and power generation market is estimated to be USD 1.67 Billion in 2017 and is projected to grow at a CAGR of 6.54%, during the forecast period, to reach a market size of USD 2.29 Billion by 2022. In 2017, Europe is estimated to be the largest market for bioliquid heat and power generation, followed by North America and Asia Pacific. The key players in the European bioliquid heat and power generation market include Olleco (UK), Neste (Finland), REG (UK), and Beta Renewables (UK). The growth of the bioliquid heat and power generation market is driven by the reduction in carbon emissions and availability of technology to convert feedstocks to bioliquids. Improving energy security presents a significant opportunity for the bioliquid heat and power generation market.

The bioliquid heat and power generation market comprises of both global and regional players. The key players operating in the market include REG (US), Neste (Finland), Kraton (US), BTG (Netherlands), and Olleco (UK). New product developments, investments and expansions, contracts & agreements, and mergers & acquisitions are the major strategies adopted by the players in the bioliquid heat and power generation market. Mergers & acquisitions was the most commonly adopted strategy from 2014 to 2017. Industry players also adopted the strategy of investments and expansions, which was the second-most widely followed strategy from 2014 to 2017.

REG is a leading producer of advanced biofuel and biomass-based diesel and a developer of renewable chemicals. It is one of the largest renewable biodiesel producers in the US. The company has 12 active biorefineries with a production capacity of about 432 million gallons per year. Its entire revenue, mainly generated in the US, comes from biomass-based diesel. Some of the company’s subsidiaries have made several acquisitions between 2014 and 2016, which enabled REG to expand its footprint in the US and serve its existing and new customers. REG faces competition from companies such as Bunge Limited (US), Archer Daniels Midland Company (US), Cargill Inc. (US), and BIOX (Canada). The company adopted investments and expansions and mergers & acquisitions its key strategies. In July 2017, REG opened a biorefinery facility in Germany to increase annual production. In May 2016, REG acquired Sanimax Energy’s biodiesel refinery plant in Wisconsin (US). This acquisition helped REG expand its operations in the US.

Olleco, previously known as Agri Energy, is a renewable energy division of ABP Food Group. The company collects used cooking oil and food waste in the UK and sustainably recycles them into renewable energy such as biodiesel and biogas. Olleco uses anaerobic digestion to convert biomass materials such as used cooking oil, fats, food waste, and bioliquid fuels into renewable energy. The company caters to different end-user segments such as restaurants, supermarkets, and hotels. Olleco adopted investments and expansions and mergers & acquisitions as its key strategies. In July 2017, Olleco opened a new 15 MW anaerobic digestion facility in Aylesbury (UK). This facility produces sustainable energy by providing equivalent power to 12,000 homes. The company invested USD 25.4 million in the green energy plant. In September 2015, Olleco acquired a biofuel producer, Convert2Green (UK), which helped it achieve its vision of 100% resource recovery for the food industry.

Related Reports:

Bioliquid Heat and Power Generation Market by Application (Heat Production and Electricity Generation), Type (Bioethanol and Biodiesel), and Region (North America, Europe, Asia Pacific, Row) - Global Forecast to 2022

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