Insight
Hydrotreated vegetable oil a step on the road to carbon neutrality in transport
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Europe will need every tool at its disposal to meet its ambitious climate targets. Hydrotreated vegetable oil (HVO) has the potential to play an important role in meeting European renewable energy targets, but with the rapid increase in capacity, investors need to be prepared to navigate through a more competitive market. With the observed healthy margins, there is increased interest from traditional oil refiners to capture some of the market share and HVO production capacity is expected to double by 2024. In this insight we explore the challenges of investment, such as feedstock supply risk, as well as the opportunities to be found in today's HVO market
Table of contents
- Convergence of several trends causing a surge in interest in HVO
- HVO is a premium drop-in replacement to biodiesel
- Legislation is paving the way to greener demand
- Why are the oil companies investing in HVO?
- Renewable Aviation Fuel, a path to a sustainable HVO business
- HVO production capacity outlook
- The feedstock supply dilemma: will the additional capacity be fully utilised?
- The bottom line
Tables and charts
This report includes the following images and tables:
- Comparison of EN590, HVO and FAME properties
- HVO vs. FAME
- Capacity by country
- Capacity by ownership
- European HVO demand growth and announced capacity
What's included
This report contains:
