At 30 billion gallons in 2011, the global biofuels industry has become big business. Although conventional biofuels derived from commodity crops account for the bulk of production today, a proliferation of national blending mandates have triggered a stampede to commercialize advanced conversion pathways that rely on low cost, non-food feedstocks. With a stake in future oil production and “easy oil” increasingly difficult to source, the world’s largest oil companies have each charted strategies to bring biofuels to market at scale.
A common misconception is that biofuels are generally adverse to Big Oil’s interest. The companies profiled in this report have collectively sunk billions into developing the industry over the last 5 years. While a handful are pursuing near-term production via proven, first generation pathways, all acknowledge that advanced biofuels must play a strategic role in the future energy mix. To varying degrees, these companies have established strategic partnerships and invested in innovative startups in an effort to build out integrated supply chain delivery networks. With the estimated cost of meeting emerging mandates over the next decade at $336 billion, access to the oil industry’s capital and expertise will be critical to scaling up biofuels production.
This Pike Pulse report evaluates ten of the leading publicly-traded international oil majors and rates them on 12 criteria for strategy and execution, including production strategy and roadmap, partnerships, geographic reach, investment portfolio, distribution network, and market impact. Using Pike Research’s proprietary Pike Pulse methodology, companies are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these majors’ relative strengths and weaknesses in the emerging biofuels marketplace.
Top 10 Vendors:
1. Shell
2. BP
3. Total
4. Petrobras
5. Chevron
6. Statoil
7. PetroChina
8. ConocoPhillips
9. Eni
10. ExxonMobil
Key Questions Addressed:
- What investment strategies are leading oil majors pursuing to scale up biofuels?
- In which advanced conversion technologies are oil companies investing?
- Which biofuel feedstocks are being used for short- and long-term biofuels development?
- In which regions are the oil companies investing?
- What are the key partnerships within the biofuels industry?
- What key trends are emerging in the biofuels industry?
Who needs this report?
Table of Contents
1. Executive Summary
1.1 Introduction
1.2 Pike Pulse Company Scores
2. Market Overview
2.1 Market Definition
2.2 Key Market Drivers
2.2.1 Diversifying the Fuel Supply – Supply Continuity
2.2.2 Rising Demand
2.2.3 Blending Mandates
2.2.4 Climate Change
2.3 Key Market Trends
2.3.1 Delayed Advanced Biofuels Commercialization
2.3.2 Shifting Priorities: End-Product Neutrality
2.3.3 Race for Cheap Sugars
2.3.4 Rise of Aviation Biofuels
2.3.5 Sustainability
2.4 Summary
3. The Pike Pulse
3.1 Introduction
3.2 Pike Pulse Grid
3.3 Company Rankings
3.3.1 Contenders
3.3.1.1 Shell
3.3.1.2 BP
3.3.1.3 Total
3.3.1.4 Petrobras
3.3.1.5 Chevron
3.3.1.6 Statoil
3.3.1.7 PetroChina
3.3.2 Challengers
3.3.2.1 ConocoPhillips
3.3.2.2 Eni
3.3.2.3 ExxonMobil
4. Company Profiles
4.1 Leaders
4.2 Contenders
4.2.1 Shell
4.2.2 BP
4.2.3 Total
4.2.4 Petrobras
4.2.5 Chevron
4.2.6 Statoil
4.2.7 PetroChina
4.3 Challengers
4.3.1 ConocoPhillips
4.3.2 Eni
4.3.3 ExxonMobil
4.4 Followers
5. Company Directory
6. Acronym and Abbreviation List
7. Table of Contents
8. Table of Charts and Figures
9. Scope of Study
9.1 Scope of Study
9.2 Sources and Methodology
9.2.1 Company Selection
9.2.2 Ratings Scale
9.2.2.1 Score Calculations
9.2.3 Criteria Definitions
9.2.3.1 Strategy
9.2.3.2 Execution
List of Charts and Figures
- The Pike Pulse Grid
- Liquid Fuels Consumption by Region, World Markets: 1990-2035
- Projected Biofuels Demand by Region, World Markets: 2011-2021
- Projected Biofuels Production by Region, World Markets: 2011-2021
- The Pike Pulse Grid
- Shell Strategy & Execution Scores
- BP Strategy & Execution Scores
- Total Strategy & Execution Scores
- Petrobras Strategy & Execution Scores
- Chevron Strategy & Execution Scores
- Statoil Strategy & Execution Scores
- PetroChina Strategy & Execution Scores
- ConocoPhillips Strategy & Execution Scores
- Eni Strategy & Execution Scores
- ExxonMobil Strategy & Execution Scores
List of Tables
- Company Overall Scores
- Commercial Flights Using Advanced Biofuels, World Markets: 2011
- Liquid Fuels Consumption by Region, World Markets: 1990-2035
- Projected Biofuels Demand by Region, World Markets: 2011-2021
- Projected Biofuels Production by Region, World Markets: 2011-2021
- Company Overall Scores
- Company Scores
- Company Scores on Strategy Criteria
- Company Scores on Execution Criteria