Cooking Oil Recycling
The Cooking Oil Recycling industry has grown over the past five years to 2018 as both upstream and downstream markets have also fared well. Legislation promoting the production of biodiesel, in particular the Energy Independence and Security Act, has turned used cooking oil, which had traditionally been viewed as a waste, into a valuable commodity.As biodiesel production has grown over the past decade, demand for used cooking oil has expanded as well. While most biodiesel fuel is manufactured with virgin vegetable oil, used cooking oil can also be used to produce biodiesel after it has been filtered to remove food and other contaminants. The Cooking Oil Recycling industry is forecast to continue to grow over the five years to 2023 as the Environmental Protection Agency's Renewable Fuel Standard requirements continue to encourage strong biodiesel production growth, which will increase demand for used cooking oil.
Companies in this industry collect cooking oil (yellow and brown grease) from restaurants and other foodservice establishments for sale to downstream markets that process this grease into biodiesel, animal feed and other products. Industry operators also process and refine the used cooking oil they collect prior to selling it to downstream markets.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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