InfoSAWIT, JAKARTA - German is one biggest palm oil biodiesel consumer and planned to stop palm oil as biofuel material in 2023. It is predicted the impact would be known in 2022 because the industries are substituting to material in waste – base.
The worse is that what Belgium does to approach. The country bans palm oil material in biofuel and biogas material or other commodity which directly or indirectly derive from palm oil and in soyoil – base or other products which directly and indirectly derived from soyoil on 1 January 2022.
Other countries, such as, Netherland, Italy, Denmark, and Portugal planned to implement the same regulation by eliminating palm oil use for biofuel though they still arrange the policy.
In the agricultural outlook in 2021-2031, European Union Commission projected biodiesel use in the continent would be decreasing 24% to be 14,3 billion liters in 2031 after its peak reaching 18,9 billion liters in 2023.
Bioethanol use would not be influenced because it still has non – fuel application but would be decreasing 10% to be 6,4 billion liters in 2031 after it increases to be 7,1 billion liters in 2023.
“It is predicted the decreasing biodiesel consumption would influence palm oil use because of the close sustainability criteria while rapeseed use would remain stable about a half of biodiesel material,” European Union Commission noted. (T2)
For more, please read InfoSAWIT, July 2022