UPM Biofuels welcomes initial agreement on Renewable Energy Directive
In Finland, UPM Biofuels welcomes the initial agreement on the revised Renewable Energy Directive as it creates an obligatory advanced biofuel blending mandate in all EU Member States starting at 0.2% in 2022, double counted, and rising to 3.5% in 2030.
“The UPM Lappeenranta Biorefinery, the world’s first to produce wood-based renewable diesel on a commercial scale, has proven the potential as a significant producer of truly sustainable advanced biofuels. UPM BioVerno, which reduces GHG emissions up to 80% compared with fossil fuels, has found a solid market place. The agreement will further boost interest in the most sustainable biofuels and strengthens the position of advanced low-ILUC fuels, such as UPM BioVerno, that have minimal risk of causing indirect emissions or land use change,” says Sari Mannonen, Vice President, UPM Biofuels.
Category: Fuels