Wassup, EU? The Top 10 Trends in Europe’s Advanced Bioeconomy
by Jim Lane (Biofuels Digest) In the EU, the European bioeconomy is generating 18.3 million jobs and driving €2.1 trillion in annual revenue in the E28, says nova-insitut, in a report for the Bio-based Industries Consortium.
If we had any doubt about the EU’s commitment to moving forward, we saw that the Danish Minister for Business & Growth and the Minister for Energy, Utilities, & Climate announced his intent to set a binding target for advanced biofuel use in transportation of 0.9% in energy content by 2020.
The government wants to underpin a Danish production of advanced biofuels by way of establishing a blending requirement of 0.9% advanced biofuels in the energy content for transport. 0.9% in all transport fuels is equivalent to 2.5% in gasoline only. The development in Denmark follows an earlier, similar agreement in Italy.