Insight
Europe downstream oil in brief: biofuel demand to grow ahead of RED deadline
Report summary
European biofuel demand has been on the rise over the last decade and is expected to continue to increase up until 2020. This is predominately driven by the EU's 2009 Renewable Energy Directive which calls for at least 10% of road transport fuels, by energy content, to come from renewable sources. However, we do not expect biofuels to represent 10% of transport fuels by energy content in 2020. This due to a number of factors including the double counting of advanced biofuels and the ability of each individual country to take its own approach to meet the targets. These include mandates by volume, energy content and carbon emissions. Going forward, we expect to see a preference for second generation biofuels as there has been much debate over the use of crops for biofuels. Beyond 2020, there is some uncertainty but if the second phase of the RED is formally approved then the target would be raised to 14% by 2030.
Table of contents
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European biofuel demand ramps up as the EU's Renewable Energy Directive 2020 deadline looms
- Renewable fuel mandates: different routes to 2020
- Continued biofuel growth expected, but there is uncertainty beyond 2020
- The country perspective: overall fuel demand changes play a major role in national-level biofuel outlooks
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Margins
- Refining margins
- Fuels marketingmargins
Tables and charts
This report includes 14 images and tables including:
- Selected European biofuel mandates (percent energy content)
- Europe gasoline and biogasoline demand (Mb/d)
- Europe diesel and biodiesel demand (Mb/d)
- Five strongest and weakest biofuel growth markets in Europe (2018-2030)
- MED gasoline/gasoil crack spreads
- MED refining margins
- NWE gasoline/gasoil crack spreads
- NWE refining margins
- Month average gross margins - December 2018
- United Kingdom gross marketing margins
- France gross marketing margins
- Germany gross marketing margins
- Spain gross marketing margins
- Recent fuels marketing transactions
What's included
This report contains:
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