U.S. Alternative Fuel Producers Poised for Industrywide Growth as More Uses Emerge
Attachment: US-AltFuel2Q21
SUGAR LAND--March 29, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Alternative Fuels Industry is hearing some good news. About 16% of new U.S. vehicle sales are forecast to be alternative fuel vehicles by 2030, according to Global Data, and substances such as methanol are being adopted as marine fuels. Along with President Joe Biden's decision to rejoin the Paris Agreement, these trends are strong indicators of demand growth. Industrial Info is tracking $1.74 billion in active alternative fuel projects in the U.S. that are set to begin construction in the second quarter, the bulk of which is attributed to biodiesel and renewable diesel projects.
Within this article: Details on some of the highest-valued second-quarter kickoffs planned for the U.S. Alternative Fuels Industry, including those from major companies such as Braven Environmental LLC, Enviva LP (NYSE:EVA), Fortistar LLC and American Organic Energy.
