The supply of biodiesel started picking up in Europe starting July 2020, with a strong rise in the consumption patterns. Lack of imports from Asia and Argentina, led to shortage in supply of FAME (Fatty Acid Methyl Ester) in September 2020. At the end of Q3, the supply of rapeseed-based biodiesel remained enough. Due to its summer blend properties, the demand for FAME 0 remained robust across Europe. In addition, UCOME (Used Cooking Oil Methyl Ester) was experiencing better demand than other biodiesel grades after its demand faded by the end of Q3.
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Biodiesel are analyzed and region-wise demand pattern is tracked.
Biodiesel is made from a blend of resources such as recycled cooking oil, vegetable oils, and animal fats. Biodiesel is a renewable, biodegradable, and clean-burning diesel substitute that can be used in diesel engines. As per its technical definition, Biodiesel is a liquid fuel which should meet certain legal diesel motor fuel specifications to be utilized as an automotive or industrial fuel. Therefore, raw vegetable oil cannot be termed as “Biodiesel”, as it cannot meet the diesel fuel specifications. The largest source of oil comes from oil crops such as rapeseed, palm, or soybean. Rapeseed represents the greatest potential for biodiesel production in the United Kingdom. At present, biodiesel is mainly sourced from waste vegetable oils that come from restaurants, industrial food companies such as Birdseye, etc. In cold weather, the performance of the Biodiesel depends on the blend of Biodiesel, the feedstock, and the petroleum diesel attributes. In a general scenario, blends with lower percentages of biodiesel perform superior in cold temperatures.