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European Bioethanol and Feedstock Markets Analysis
Frost & Sullivan, Aug 2007, Pages: 217
Government Mandates Drive Growth in the European Bioethanol Market
With the European biodiesel market reaching maturity, the bioethanol market is becoming the focus for growth in the biofuels sector. The introduction of blending mandates in many EU member states is compelling oil companies to use ethanol as a gasoline blend. Besides, the operating capacity is presently well below the EU directive requirements and accordingly, significant opportunities for growth exist. With new plant projects and higher feedstock growth, the market is set to benefit significantly.
'The European biofuels market has enjoyed excellent European Commission support by way of the Kyoto agreement as well as Directives 2003/30/EC and 2003/96/EC, which specifically aim to promote the increased use of biofuels and set indicative targets for their use in the transport industry,' notes the analyst of this research service. 'As a result of this EU legislation, individual member states have implemented their own legislation, such as tax relief, renewable transport fuel obligations (RTFOs) and blending mandates in order to encourage the use of biofuels and make them cost competitive with mineral fuels.'
Need for Domestic Energy Self-sufficiency Propels Demand for Biofuels
Political instability in the Middle East and failures at pumping stations have had a significant impact on the fuel industry since 2000, highlighting the fact that fossil fuels are a finite commodity and supply can be precarious. 'This has rekindled interest in alternative fuels and has helped propel favourable legislation,' states the analyst. 'In this context, biofuels offer the attraction of self sufficiency and less reliance on oil producing countries.'
In addition to the above, the change in the sugar regime is driving sugar companies to build ethanol plants for out-of-quota sugar beet. Bioethanol greatly supports EU sugar producers who have lost a large portion of their market due to agricultural policy changes.
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Geographic Location:
- Belgium
- France
- Germany
- Hungary
- Italy
- The Netherlands
- Poland
- Spain
- Sweden
- The United Kingdom
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