The concept of using biofuel as an alternative energy source for powering vehicles has been around for decades, but now its use is becoming more prevalent than ever. As an evergreen investment, US biofuel stocks are looking like a very attractive option for the future.
Biofuel is derived from organic sources such as corn, sunflower seeds, and other plant or animal-based sources. These renewable sources make biofuels a viable alternative to the petroleum-based fuels that are causing environmental damage. In the US, biodiesel is the most common type of biofuel used to power transportation.
As the demand for diesel-powered vehicles decreases and the environmental impact of burning fossil fuels becomes more evident, many companies are investing in the production, distribution, and sale of biodiesel fuel. Many US biofuel stocks offer investors an opportunity to diversify their portfolios and position themselves for long-term gains.
To make sure you’re investing your hard-earned money in the best US biofuel companies, we have put together a list of 6 US biofuel stocks to watch in 2023. The companies on this list are all well-positioned for growth and have an established track record of success.
The first company we are focusing on is Renewable Energy Group (REG). The company is one of the largest producers and distributors of biodiesel in the US and Canada. It produces fuel from multiple raw materials, including soybean oil, beef tallow, and recycled cooking oil. It currently operates over 40 biodiesel production facilities across the US and Canada.
Another company to consider investing in is TerraVia Holdings Inc. The company produces an advanced algae-based biodiesel that is more sustainable and has lower greenhouse gas emissions than petroleum-based fuels. TerraVia has partners with some of the largest fleets in the US and has recently commenced pilot testing its technology.
Finally, Solazyme Inc. is another interesting pick for investors. The company produces biodiesel fuel and is groundbreaking research and development into new biodiesel technologies. Its products have been shown to reduce greenhouse gas emissions by over 77%.
Biofuel is an exciting sector to get involved with, and there are many great US companies at the forefront of the industry. Investing in US biofuel stocks in 2023 could be an important step for those looking to position themselves for a successful future in the world of renewable energy.