Please visit our price discovery tools at primadiscovery.com

Energy Europe

Finnish petroleum lobby presses for aggressive renewables demand stimulus

The EU should extend the Fuel Quality Directive to 2030 as well as adopting separate targets for renewable energy in the road transport, Finland’s Petroleum and Biofuels Association said this week after meeting to discuss the domestic government’s ambitious oil and carbon reduction plans.

The adoption of E20 and creation of a common Nordic low-carbon transport market are on the Association’s wish list as it presses government to adopt demand focused programmes to increase renewables consumption.

“We need cost-effective and technology neutral tools and guidelines to ensure sufficient demand. In addition to this, we must also ensure that EU policies take Finland’s special conditions into consideration and not throw up legislative roadblocks to the production of advanced biofuels, said Association managing direction Helena Vanska.

Finland is aiming to halve its use of imported oil during the 2020s, with a plan to increase the percentage of renewable fuels consumed in the country’s transportation fuel mix to 40% by 2030. The country adjusted its fuel taxation system in 2011 to favour bio-blends.

Finland’s road transport fuel supply is dominated by conventional refiners which have sunk huge sums into renewable energy development. Neste, the world’s largest producer of renewable diesel, had a 39.2% share of Finland’s diesel market and a 28.4% share of the country’s gasoline market in 2014. Fellow refinery ST1, which owns waste-based ethanol subsidiary ST1 Biofuels, supplies another 27% of Finland’s diesel and 21.8% of its gasoline.

MS – 08/10/2015

 

Leave a Reply