Biodiesel Market Value Share, Analysis and Segments 2016-2024
Increasing environmental concerns and the need for energy independence have led to the growth of the global biodiesel market. Biodiesel is derivative of the vegetable oils extracted by oil seeds, although waste from animal fats and cooking oil can also be used. The oil is formed by combining methanol or ethanol with fatty acid molecules. Chemically, biodiesel is a mono alkyl ester. Biodiesel can be used in pure form or blended with petroleum diesel at any concentration in most injection...
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