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Biorefinery Market Soars Amid Sustainability Drive
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The global biorefinery market is set to reach $1.4 trillion by 2030, driven by the rising demand for HVO and decarbonization efforts. Biorefineries offer sustainable solutions by utilizing biomass for bio-products. Major investments in biofuel projects are underway, with the U.S. market valued at $202.1 billion and China projected to hit $239 billion by 2030.
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How do biorefineries compare to traditional refineries in terms of environmental impact and efficiency?
What policy changes are driving the growth of biorefineries, particularly in the U.S. and China?
What potential challenges or obstacles could impede the projected growth of the global biorefinery market?
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