Bio Bunker Market is Projected to Reach US$ 1,348.1 Million by 2035, Expanding at a Noteworthy CAGR of 11.4% | Fact.MR Report [Yahoo! Finance]
WARTSILA CORP UNSP/ADR (WRTBY)
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Source: Yahoo! Finance
and technological advancement, as companies seek to cut down their ecological footprint. Rockville, MD , Feb. 19, 2025 (GLOBE NEWSWIRE) -- The global Bio Bunker Market was valued at US$ 407.6 Million in 2024 and has been forecasted to expand at a noteworthy CAGR of 11.4% to end up at US$ 1,348.1 Million by 2035. The bio bunkers market is rapidly emerging as a vital part of the transformation of the maritime industry toward a sustainable future. As the worldwide shipping industry receives increasing pressure for reducing greenhouse gases, bio-bunkers would be an upcoming alternative to fuel from fossil fuel. Being drawn from renewable biological sources, bio-bunkers are an ecological fuel, fashioned to meet severe regulatory requirements from organizations that regulate global maritime activities. Shipping companies are embracing bio bunkers as part of their efforts to meet sustainability goals while adhering to the changing environmental standards. For instance, in February 2024
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