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European biofuels: the growing challenge of sourcing sustainable feedstocks
Report summary
The European Renewable Energy Directive requires an increasing share of renewable fuel in the European transport sector over the next decade. Many European refiners are hence investing in biofuel production at their existing facilities or converting uncompetitive assets. The regulation includes restrictions on the feedstocks used to produce the renewable fuels, which challenges biofuel producers to source increasing volumes of advanced feedstocks. Setting up, or expanding, these feedstock supply chains exposes refiners to a range of Environmental, Societal and Governance risks, which need to be carefully managed if they are to retain their social license to operate. By understanding where and what the key ESG risks are, refiners can strengthen their traceability checks and hence lower reputational and legal risk as they diversify their business and transition to a lower carbon future.
Table of contents
- The Renewable Energy Directive will drive increased liquid biofuel demand in Europe
- Refiners are investing to meet the growing demand
- RED II puts a strong emphasis on feedstock sustainability
- ESG challenges underlie growing biofuel feedstock demand
- Vertical integration and blockchain technology offer potential risk remedies for emerging feedstock sectors
Tables and charts
This report includes 6 images and tables including:
- EU-27 + 1 Renewables in Transport (RES-T Energy)
- EU27+1 liquid biofuel demand by type
- Europe HVO production capacity
- EU biodiesel/HVO/SAF use by feedstock type, 2020
- EU biodiesel/HVO/SAF use by feedstock type, 2030
- ESG risks underlie EU imports of waste fats and oils, forestry wastes lower risk
What's included
This report contains:
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