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Procurement Market Intelligence Report

Biodiesel
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Biodiesel?

What is the average price of Biodiesel?

This procurement report includes pricing information to help you purchase Biodiesel. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Biodiesel been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Biodiesel yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Biodiesel?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Biodiesel with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Biodiesel?

Market share concentration among biodiesel suppliers is moderate, with the top four players accounting for about 35.0% of the total US market. The top four vendors include Renewable Energy Group, Louis Dreyfus Group, RBF Port Neches and Archer Daniels Midland (ADM). Market concentration has been rising slowly during the past... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Product Quality

What quality standards do you implement to ensure the consistent production of high-quality biodiesel?

How much experience do you have producing and supplying fuel for my specifications and volume?

Have you ever received complaints about the performance of your biodiesel? How were these complaints handled?

What makes your company stand out in the market? What sets your fuel apart from that of your competitors?

Delivery

Do you partner with other suppliers to ensure timely and cost-effective delivery?

How do you ensure timely and accurate shipping?

What systems do you have in place to manage outgoing shipments?

What are your storage and transportation procedures? How does this limit the risk to the products?

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Key elements for every RFP

What should my Biodiesel RFP include?

Project Budget

Buyers should request a price per gallon of biofuel.

Buyers should request information on the supplier's methodology for adjusting prices over the duration of the contract.

Buyers should provide a total value for the contract.

Selection Criteria

Suppliers will be evaluated on their ability to offer competitive pricing.

Suppliers will be evaluated on their ability to qualify for tax credits.

Buyers should reference the Buying-Decision Scorecard section of this report for key criteria to consider when evaluating suppliers.

Project Schedule

Buyers should state the date that the RFP was issued.

Buyers should provide suppliers with a due date for proposals.

Buyers should inform suppliers of the award announcement.

Evaluate major factors to mitigate risk

How risky is the Biodiesel supply chain?

Biodiesel suppliers experience high supply chain risk. Major inputs for biodiesel production include oilseed crops, animal fats, chemical additives and costs associated with transport and storage. The price and availability of these inputs are subject to volatility in supply and price. Providers' agricultural costs, which can be impacted by environmental... Subscribe to learn more.

HIGH

MEDIUM

LOW