NAICS Code 424720-24 - Fuels-Renewable (Wholesale)

Marketing Level - NAICS 8-Digit

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  • Business Phone Number
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  • Employee Count
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Looking for more companies? See NAICS 424720 - Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) - 8,134 companies, 57,059 emails.

NAICS Code 424720-24 Description (8-Digit)

The Fuels-Renewable (Wholesale) industry involves the wholesale distribution of renewable fuels, such as ethanol, biodiesel, and other biofuels. These fuels are derived from renewable sources, such as corn, soybeans, and other crops, as well as waste materials like cooking oil and animal fats. The industry plays a crucial role in the transition to a more sustainable energy future, as renewable fuels are seen as a cleaner and more environmentally friendly alternative to traditional fossil fuels.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 424720 page

Tools

Tools commonly used in the Fuels-Renewable (Wholesale) industry for day-to-day tasks and operations.

  • Biofuel blending equipment
  • Fuel storage tanks
  • Fuel pumps and dispensers
  • Fuel quality testing equipment
  • Fuel flow meters
  • Fuel transfer pumps
  • Fuel filtration systems
  • Fuel additive injection systems
  • Fuel tank level gauges
  • Fuel delivery trucks

Industry Examples of Fuels-Renewable (Wholesale)

Common products and services typical of NAICS Code 424720-24, illustrating the main business activities and contributions to the market.

  • Ethanol fuel
  • Biodiesel fuel
  • Biogas fuel
  • Renewable diesel fuel
  • Vegetable oil fuel
  • Waste oil fuel
  • Wood pellet fuel
  • Hydrogen fuel
  • Methanol fuel
  • Butanol fuel

History

A concise historical narrative of NAICS Code 424720-24 covering global milestones and recent developments within the United States.

  • The "Fuels-Renewable (Wholesale)" industry has a relatively short history compared to other fuel industries. The industry started to gain momentum in the 1990s when the United States government began to offer tax incentives for renewable energy. The first renewable fuel to gain popularity was ethanol, which is made from corn. In the early 2000s, biodiesel, which is made from vegetable oil, became more popular. The industry continued to grow in the 2010s, with the introduction of new technologies such as algae-based biofuels and renewable natural gas. In recent years, the industry has also seen an increase in demand for electric vehicles, which has led to the development of new renewable energy storage technologies. In the United States, the "Fuels-Renewable (Wholesale)" industry has experienced significant growth in recent years. In 2019, the industry generated $7.5 billion in revenue, up from $5.5 billion in 2014. This growth can be attributed to a number of factors, including increased demand for renewable energy, government incentives, and advancements in technology. The industry has also benefited from the growing popularity of electric vehicles, which has led to an increase in demand for renewable energy storage technologies. Overall, the "Fuels-Renewable (Wholesale)" industry is poised for continued growth in the coming years as the world continues to shift towards renewable energy sources.