22 October 2013 14:13 [Source: ICIS news]
PRAGUE (ICIS)--Interest in biodiesel in Europe is decreasing, according to Julian McGill, senior economist at LMC International, who was speaking at the 9th ICIS World Oleochemicals Conference on Tuesday.
“Enthusiasm for biodiesel in the EU is waning. People are driving less, and are using more fuel-efficient cars,” McGill said.
“In Germany, political enthusiasm is evaporating,” McGill added.
McGill suggested that the recent proposed amendments to the European Renewable Energy Directive (RED), which suggested a cap on the use of first-generation biofuels towards European mandates, were evidence of declining political interest in biodiesel.
The RED stipulates that European member states must use 10% renewable energy in transport applications by 2020.
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