Biodiesel market worth $54.8 billion by 2025: report.

08/02/17 6:02 AM By Sandra Cowherd

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.

Sandra Cowherd

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Andy LaVigne, American Seed Trade Association

This week’s Open Mic guest is Andy LaVigne, President and CEO of the American Seed Trade Association. For almost a century and a half members of ASTA have worked to improve seed genetics for farmers around the world. LaVigne says opportunities to advance seed genetics are improving with the advent of genetic modification and gene editing. The limitation includes that of consumer acceptance and government approval. LaVigne says consumer desire for healthier and better food are a catalyst for growth, while the industry battles an outdated regulatory system to keep up with new plant traits. ASTA believes better seed can lead to improved sustainability practices and increased production to meet the needs of a growing planet.

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Biodiesel market worth $54.8 billion by 2025: report.

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