December 2001

Trends and Resources

HP Impact: EU directives: fueling growth for biodiesel market

The European Commission is expected to propose two new directivesto ensure that biofuels make an important contribution to the totalautomotive fuel consumption in the region. This impendingannouncemen..

Weirauch, Wendy, Hydrocarbon Processing Staff

The European Commission is expected to propose two new directives to ensure that biofuels make an important contribution to the total automotive fuel consumption in the region. This impending announcement will provide "a huge boost" to the European biodiesel industry, says a new study from Frost&Sullivan (www.frost.com). The directives will make sweeping changes to tax laws to enable EU member states to introduce tax breaks for biofuels and will stipulate that biofuels must make up a fixed percentage of all automotive fuel sales across Europe. Frost&Sullivan forecasts that these two new initiatives will help increase the biodiesel market from the year 2000 value of $504

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