Europe biodiesel consumption to rise 13.2% in 2010

06 May 2010 16:23  [Source: ICIS news]

PRAGUE (ICIS news)—Biodiesel consumption in Europe is set to rise 13.2% in 2010 to slightly over 12m tonnes,  a biofuels research analyst said on Thursday.

European biodiesel production, meanwhile, would likely increase by 14.5% to slightly below 11m tonnes, leaving Europe a net importer of biodiesel, said Claudiu Covrig during a presentation, “Expectations in world biodiesel markets”, at the Bioenergy International Expo & Conference in Prague, the Czech Republic.

Covrig, from the Kingsman consultancy for biofuels and sugar market research, described Europe as “the kingdom of mandates” and said the European biodiesel markets were expanding at such a fast rate because of EU directives demanding greater use of biofuel components in fuels.

This year should see France very slightly overtake Germany as the main consumer of biodiesel, at around 2.6m  tonnes, he added. “The European market will be dominated by the same countries as in 2009: Germany, France, Spain, Italy and the UK, respresenting a combined 75% share in demand and a 70% share in supply,” he said.

Last year, no other continent consumed more than 2m tonnes of biodiesel, but this year South America’s consumption level should rise 83% to around 3m tonnes, Covrig’s figures showed. This would stem from growing exploitation of the continent’s abundant supply of raw feedstocks such as soybean oil, tallow and palm oil.

This year should also bring a biodiesel production growth trend in southeast Asia, said Covrig. Thailand’s top five producers would increase their output by 22% to around 600,000 tonnes, while South Korea’s top five producers were likely to achieve a 58% increase to 400,000 tonnes, he estimated.

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By: Will Conroy
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