European Union: Biofuels Annual

While the coronavirus (COVID-19) outbreak is forecast to cut fossil transport fuel use by roughly twelve percent in the EU, bioethanol and biodiesel use is projected to decline by approximately ten and six percent, respectively. EU consumption of biofuels is supported by the ten percent blending target for biofuels in transport fuels set for 2020. Another factor is the expanding domestic supply and blending of hydrogenation derived renewable diesel (HDRD). The Renewable Energy Directive II (RED II), which will be enforced on January 1, 2021, sets a binding target for the use of advanced biofuels of 3.5 percent by 2030. In 2020, blending of advanced biofuels is projected to reach 1.5 percent, of which the majority is produced from waste fats and oils. The EU market for wood pellets is less affected by the COVID-19 crisis than the liquid biofuels market, but further expansion could be limited by individual Member State sustainability requirements.

European Union: Biofuels Annual