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EU Biofuel Consumption Could be Decreasing in 2031 and Palm Oil Import Could be too



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EU Biofuel Consumption Could be Decreasing in 2031 and Palm Oil Import Could be too

InfoSAWIT, PARIS – In Agriculture Outlook 2021-2031, European Union (EU) Commission projected that biodiesel use in the region would be decreasing 24% to be 14,3 billion liters in 2031 after the peak at 18,9 billion liters in 2023.

Bioethanol use has not much influence for it has non-fuel application too but will be decreasing 10% to be 6,4 billion liters in 2031 after it increases 7,1 billion liters in 2023.

“The decreasing biodiesel use will influence palm oil consumption because of closely sustainable criteria. Rapeseed oil use will be about to remain stable, representing half of biodiesel material,” EU Commission mentioned.

According to EU Renewable Energy Directive, fuel in palm oil – base will be no more in phase in 2030 because it is classified as the cause of deforestation. This raises protests from two biggest palm oil producers in the world, Malaysia and Indonesia.

Palm oil imports in EU will be about to decrease to be 4,0 million tons in 2031 from 6,5 million tons in 2021. “Most of decreasing imports happen for the decreasing biodiesel demands,” EU Commission told, as quoted from reuters.

It is predicted, EU will remain import biofuel but biodiesel import will have the limit due to import tax that balances imports from Argentina and Indonesia.

EU Commission hoped that corn will be the main material to produce ethanol within about 44%, while wheat use will be decreasing, other cereals and sugar will remain stable. (T2)