At a Significant CAGR of 4.57%, Global Biodiesel Industry Will Grow During the Period 2017-2021 - BIOX, Bunge, Cargill, Archer Daniels Midland, Wilmar International
Biodiesel is an alternative fuel for automotive engines, which is produced by the chemical reaction of a raw material, such as vegetable oil or animal fat, with an alcohol such as methanol or ethanol. Biodiesel is a better alternative for the environment as it is produced from renewable resources, and it releases low emissions compared with normal diesel. As it is produced domestically from natural resources, its use decreases the dependency on imported fuel, and it also contributes to a...
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