Title:
Study on Development of Outlook for the Necessary Means to Build Industrial Capacity for Advanced Biofuels
Author(s):
Georgiadou, M.
Document(s):
Paper
Slide presentation
Abstract:
The European Commission’s study "Development of Outlook for the Necessary Means to Build Industrial Capacity for Drop-in Advanced Biofuels"2 aims to investigate and analyze factors contributing to the development of advanced and sustainable biofuels production within the relevant European policy and regulatory framework, to facilitate the timely market entry of advanced biofuels for achieving the 2030 and 2050 targets. This study considers the evolving EU policy context for sustainable alternative fuels, which is undergoing significant revision and forms a core component of both the Fit for 55 package and the REPowerEU Plan. Firstly, this involves leveraging recent industrial capacity data and plans from key stakeholders in the sustainable transportation sector, such as fuel producers, technology developers, and other market actors. Secondly, it includes the examination and analysis of various aspects such as the potential demand for advanced drop-in biofuels, resource availability and supply prospects, technological maturity as well as social and environmental impacts. Finally, the study identifies vital investments and actions necessary to expedite the transformation of the industry’s outlook. Based on the analyzed policy scenarios, the study estimates that the demand for biofuels in the transport sector might exceed the anticipated 24 Mtoe/y by 2030. The overarching conclusion is that biofuels are crucial for reducing emissions in the transport sector, contributing significantly to the objectives of the Fit for 55 package and climate neutrality goals. This role is anticipated to grow in the future as advanced biofuels become increasingly accessible. This expansion will be driven by the full commercial-scale development of technologies, processes, and value chains, supported by policies and sector-specific targets that will encourage their deployment.
Keywords:
biofuel potential, advanced biofuels, sustainable biofuels, biofuel demand, biofuel capacity
Topic:
Plenaries
Subtopic:
Building industrial capacity for advanced biofuels
Event:
32nd European Biomass Conference and Exhibition
Session:
AP.1.1
Pages:
1 - 7
ISBN:
978-88-89407-24-0
Paper DOI:
10.5071/32ndEUBCE2024-AP.1.1
Price:
FREE
