The global Biofuel market was valued at US$141.56 billion in 2020 and is anticipated to reach US$245.48 billion in 2027. The outlook for the biofuels industry and US biofuel stocks is positive.
Biofuels are experiencing a rise in demand as government mandates push for greener automotive fuel blends. In mid-2021, the US Department of Energy announced close to US$34 million in funding for research and development projects aimed at improving and producing biofuels, biopower and bioproducts. Showing governments aren’t only creating laws, but also investing in the growth of this market.
There are several biofuel investments to consider, here are a few you should start researching today:
Viking Energy Group, Inc. (OTCMKTS:VKIN) is an intriguing way to play this growing demand for biofuel. The company has a Membership Interest Purchase Agreement in place to acquire a Renewable diesel production facility in the corporate tax-free city of Reno, Nevada. The facility is capable of producing 43 million gallons per year, according to estimates. VKIN’s biofuel could net larger margins than average biofuel producers because there is a pretreatment center at the facility allowing the company to purchase pure feedstock rather than the pricy pre-treated feedstock many companies use in the production process. With terms of this agreement set to close soon, VKIN should be on your radar today.
Mercer International Inc. (NASDAQ:MERC) stock has seen showing solid buying activities after falling in the past month. The stock has jumped 13% over the past quarter. On Monday, MERC stock was up 9% to $12.15 with more than 444K shares exchanged hands, above its average volume of 263K shares. The stock is trading above 27% from its 52-week low and 33% away from its 52-week high.
The company is set to report its fourth quarter results for the period ended December 31, 2021 on Thursday, February 17, 2022, after the close of the market.
Gevo Inc. (NASDAQ:GEVO) is another stock in the Biofuels sector which has been consolidating the gaining momentum recently. On Monday, the stock bounced back by 13.62% to $3.42. The stock has slumped 52% in the past quarter. The stock is trading above 22% from its 52-week low and 78% away from its 52-week high. The company officially started bringing online its newly-built facility near three dairies in northwest Iowa. It’s gathering manure to capture methane for processing into pipeline-quality natural gas.
Infrastructure and Energy Alternatives Inc. (NASDAQ:IEA) stock has been recovering very fast after the recent fall. IEA stock ended higher by 11.08% to $9.02 with more than 470K shares exchanged hands, above its average volume of 535K shares. The stock is trading above 19% from its 52-week low and 59% away from its 52-week high. Infrastructure and Energy Alternatives, Inc., through various subsidiaries, operates as a diversified infrastructure construction company in the United States.
Evogene Ltd. (NASDAQ:EVGN) is another stock in the biofuel sector which has been showing consistent fall. The stock has moved down 46% over the past one quarter. EVGN stock closed up by 7.75% to $1.39 with volume of 275k shares, compared to its average volume of 334K shares. The stock is trading above 20% from its 52-week low and 86% away from its 52-week high.
The company announced that it has shipped a first batch of its unique cannabis varieties to Portugal, following receiving approval to export from the Israeli Ministry of Health and Ministry of Agriculture.
Aemetis Inc. (NASDAQ:AMTX) stock has been recovering very fast after the recent fall. AMTX stock ended higher by 5.89% to $9.17 with more than 513k shares exchanged hands, above its average volume of 787K shares. The stock is trading above 41% from its 52-week low and 66% away from its 52-week high. Infrastructure and Energy Alternatives, Inc., through various subsidiaries, operates as a diversified infrastructure construction company in the United States. Aemetis, Inc. operates as a renewable natural gas and fuels, and bio-chemicals company in North America and India.
