Market Procurement Intelligence Analysis Report

  Procurement Outlook Biodiesel is a clean and renewable fuel which is produced from the waste generated of vegetable oils, animal fats, and recycled restaurant greases. It produces less toxic gases and pollutants compared to petroleum diesels.   Different forms a biodiesel can be used are:   B100: Pure Biodiesel B20: 20% Biodiesel and 80% Petroleum Diesel B5: 5% Biodiesel and 95% Petroleum Diesel B2: 2% Biodiesel and 98% Petroleum Diesel   These different types of forms are helping countries to reduce their dependency on foreign oil (imports). Moreover, biodiesels can be used in the existing diesel engines and fuel systems with little to no modification.   Key benefits of using Biodiesels are:   Lower Greenhouse Gas Emissions Fossil fuels release greenhouse gases which are harmful to the environment. Many countries are promoting Biodiesels to reduce global warming, as biodiesels are expected to reduce greenhouse gases up to 78% Promote local production Bio...