Europe Ethanol Market is expected to grow with the CAGR of 4.2% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below:
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Europe ethanol market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in Europe ethanol market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in June 2020, ADM decided to increase its production capacity of industrial alcohol at its Clinton, Iowa corn processing complex, they have decided to increase the production capacity of ethanol as it is used as a gasoline blendstock, in food and beverage applications and in pharmaceuticals. This development is expected to help the company to cater to the growing demand thereby increasing its revenue in the market.
SABIC is the dominating player in Europe ethanol market. The other key players existing in the ethanol market are INEOS, Cargill, Incorporated, Bunge Limited, ADM, Sasol Limited, LyondellBasell Industries Holdings B.V., Mitsubishi Chemical Corporation, Braskem, Valero Marketing and Supply Company, Raízen and CropEnergies AG among others.
SABIC is headquartered in Riyadh, Saudi Arabia and was founded in 1976. The company is engaged in the manufacturing of chemicals, commodity and high performance plastics, agri-nutrients and metals. The company has various business segments such as petrochemicals and specialties, agri-nutrient and hadeed in which petrochemicals and specialties are our market focused segment. The company has wide range of products under categories such as polymers, specialties, chemicals, agri-nutrients, metals, e-business and services out of which chemicals is our market focused category.
The company has wide global presence across Asia-Pacific, Europe, North America, South America and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as SABIC Agri-Nutrients Investment Company (Saudi Arabia), SABIC Innovative Plastics (Saudi Arabia), Eastern Petrochemical Company Ltd. (Saudi Arabia), Ibn Zahr (Jubail) and Hadeed (Saudi Arabia) among others.
Valero Marketing and Supply Company:
Valero Marketing and Supply Company are headquartered in Texas, U.S. and was founded in 1980. The company is engaged in the manufacturing of transportation fuels and petrochemical products for different industries. The company has wide range of products under categories such as refining segment, ethanol segment and renewable diesel segment out of which ethanol segment is our market focused category.
The company has presence in Europe, Latin America and North America with its various subsidiaries such as Ultramar (Canada), Valero LP (U.S.), Valero Energy Partners LP (U.S.), Diamond Green Diesel, LLC (U.S.), VALERO RETAIL HOLDINGS, INC (U.S.) among others.
LyondellBasell Industries Holdings B.V.:
LyondellBasell Industries Holdings B.V. is headquartered in Rotterdam, The Netherlands and was founded in 1953. The company is engaged in providing wide range of plastics, chemicals as well as refining products. The company has various business segments such as O&P – Americas, O&P – EAI, I&D, APS, refining, technology and others in which O&P – EAI is our market focused segment. The company has wide range of products under categories such as chemicals, polymers, advanced polymer solutions, fuels, technology, quality systems, product safety & stewardship, technology centers and supply chain out of which chemicals is our market focused category.
The company has wide global presence in Asia-Pacific, Europe and Americas. The company also earn from subsidiary such as Basell Holdings B.V. (Netherlands).