Demand for UCOME in Europe falling as other low GHG fuels step up the pace

In Germany, the GHG-based biodiesel-blending mandate has led biodiesel producers across Europe to work to reduce the GHG intensity of fuels, a move which has worked to reduce demand for used cooking oil-based biodiesel. Biodiesel GHG emissions reductions have lowered to 71.5% in 2016 compared to 50.5% in 2014, meaning biodiesel compliant with the German mandate is much more abundant than previously. As Germany doesn’t offer double-counting for waste-based biofuels such as UCOME, demand would likely come from other countries who do use the double-counting regime those markets are quiet despite summer preference for UCOME.