Tuesday, August 23, 2011

EU Biofuel mandates

Biofuel mandates means mandatory-a requirement that blending of the fuel component, that is a portion from biofuel and the fossil fuel or petroluem products.

It is by law that biofuel is a must, biofuel is produced from organis mass or biomass. Markets and demand has been raising for the past 5 years. The following countries in EU have mandated biofuel by percentages from 2010 to 2011. Besides it is expected to increase year by year until world governments are satisfied with climate change and its impacts.

Finland: from 4 % to 6 %,
Poland: from 5.75 % to 6.2 %
Italy: from 3.5 to 4 %
Spain: from 5.83 % to 7 %
Bulgaria: from 3.5 % to 5 % (by vol.)
Denmark adopts a first-ever obligatory quota of 3.5 %

Biofuel sales went up by 13.6 per cent to 13.9 million tonnes in 2010, but UFOP says that even the new increases will not utilize more than 65 percent of EU biodiesel capacity.

Hundreds and thojusand of jobs are created solving unemployment problems in the respective countries.

In PNG, we either buy/use the ready made biofuel blended fossil fuel or we produce and blend. The ball is in our hands.