German oilseed producers say global oversupplies leave plenty for 7% in EU

In Germany, despite the raw material demand for the production of biofuels, the global raw material supply situation to the international markets is characterized by a structural oversupply. This was the conclusion of the “Supply report 2016/2017” published by the Union for the Promotion of Oil and Protein Plants (Union zur Förderung von Oel- und Proteinpflanzen: UFOP). UFOP demands that the debate regarding raw material demand and potential for biofuel production be based on these facts.

UFOP demands that the vote now beginning in the European Parliament on the revised version of the Renewable Energy Directive at least does not call into question the achieved results and thus the investor confidence. The cap of 7 percent for biofuels made from cultivated biomass must be carried forward unchanged and integrated in the overall package of measures for the decarbonization of traffic by 2030.