Australia Biofuel Market

Australia Biofuel Market Overview:

The Australia biofuel market size reached USD 2.79 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.29 Billion by 2033, exhibiting a growth rate (CAGR) of 12.8% during 2025-2033. Government policies promoting renewable energy, rising environmental concerns, demand for cleaner fuels in transportation, advancements in biofuel technology, and increased investment in sustainable agricultural practices are some of the factors contributing to Australia biofuel market share.

Australia Biofuel Market Trends:

Renewable Feedstock Development in the Biofuel Sector

Australia is seeing growing interest in renewable biofuel feedstocks as companies explore sustainable alternatives to traditional fossil fuels. One key development is the cultivation of Pongamia, a promising oilseed crop, to produce renewable diesel. With research focusing on growth conditions and oil yields, these efforts aim to reduce dependence on fossil fuels while supporting the country’s net-zero emissions targets by 2050. Additionally, initiatives are prioritizing local community engagement, including collaboration with Indigenous groups, reflecting a broader commitment to environmental and social responsibility. This focus on biofuel feedstock development in regions like Queensland is helping lay the groundwork for a sustainable, low-carbon energy future in Australia. These factors are intensifying the Australia biofuel market growth. For example, in September 2024, Rio Tinto launched a biofuels pilot in Australia, developing Pongamia seed farms to explore its potential as a renewable diesel feedstock. Located near Townsville in Queensland, the project will study growth conditions and seed oil yields. In partnership with Midway Limited, Rio Tinto aims to reduce fossil fuel reliance and advance its net-zero emissions goal by 2050. The initiative also prioritizes engagement with local communities and Traditional Owners.

Expansion of Sustainable Biofuel Feedstocks

Australia is witnessing increased efforts to scale up the production of sustainable biofuel feedstocks, particularly through the cultivation of Pongamia. With high oil content beans, Pongamia offers a promising alternative for biofuel production. Extensive research into its cultivars has been ongoing for over a decade, with a focus on maximizing oil yields while minimizing input requirements. These efforts are poised to contribute to the development of renewable fuels with lower greenhouse gas emissions, supporting the country’s shift away from fossil fuels. The expansion of such operations in Australia highlights the growing potential for sustainable agriculture to meet the rising demand for biofuels, while also offering environmental and economic benefits. For instance, in October 2024, Terviva Inc. secured backing from Chevron Renewable Energy Group to scale up its pongamia-growing operations in Australia for biofuel feedstock production. The company has spent 15 years researching pongamia cultivars, which yield high oil content beans.

Australia Biofuel Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type and feedstock.

Type Insights:

• Biodiesel
• Ethanol
• Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes biodiesel, ethanol, and others.

Feedstock Insights:

• Coarse Grain
• Sugar Crop
• Vegetable Oil
• Others

A detailed breakup and analysis of the market based on the feedstock have also been provided in the report. This includes coarse grain, sugar crop, vegetable oil, and others.

Regional Insights:

• Australia Capital Territory and New South Wales
• Victoria and Tasmania
• Queensland
• Northern Territory and Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory and New South Wales, Victoria and Tasmania, Queensland, Northern Territory and Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Biofuel Market News:

• In November 2024, S&W Seed Company completed the voluntary administration process for its Australian subsidiary, S&W Seed Company Australia. The company would now focus on its core operations, including a biofuels joint venture with Shell. S&W continues to explore sustainable biofuel feedstocks, particularly camelina, through its partnership. The restructuring involves transferring assets and providing transitional support to ensure S&W Australia operates as a standalone entity.

Australia Biofuel Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia biofuel market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia biofuel market on the basis of type?
• What is the breakup of the Australia biofuel market on the basis of feedstock?
• What is the breakup of the Australia biofuel market on the basis of region?
• What are the various stages in the value chain of the Australia biofuel market? 
• What are the key driving factors and challenges in the Australia biofuel market?
• What is the structure of the Australia biofuel market and who are the key players?
• What is the degree of competition in the Australia biofuel market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia biofuel market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia biofuel market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia biofuel industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.