FO Licht says EU-27 biodiesel consumption could fall 2M tons in 2020

In Belgium, FO Licht estimates that biodiesel consumption in the EU-27 could fall by 2 million metric tons in 2020 as drivers stay home due to coronavirus travel restrictions. As European countries sought to comply with the Renewable Energy Directive’s 10% renewable energy content mandate by 2020, biodiesel consumption was estimated to rise to 14.3 million tons this year along with 3.5 million tons of HVO but diesel consumption is expected to fall 10% this year, bringing down biodiesel and HVO demand with it.