The chief executive officers of seven European biofuel producers and airlines have launched an industry-led initiative in Brussels to speed up the deployment of advanced sustainable biofuels in Europe.
The Leaders of Sustainable Biofuels is an initiative aimed at supporting the development of second-generation biofuels in Europe. Members of the group include Chemtex, British Airways, BTG, Chemrec, Clariant, Dong Energy and UPM. The goal of the Sustainable Biofuels is to help ensure the market growth of advanced sustainable biofuels by all transport sectors.
The Leaders of Sustainable Biofuels say 10 percent of all fuels in the EU must be alternative fuels by 2020 and second-generation biofuels can reduce Greenhouse Gas (GHG) emissions by at least 65 percent. First generation biofuels, made from corn, wheat, soy or palm, provide only modest reductions in greenhouse gases and can push up food prices, according to the group.
During the Feb. 4 meeting, the Leaders of Sustainable Biofuels established a common strategy based on several actions aimed at accelerating market penetration and technology deployment and use. In particular:
- Accelerate research and innovation into emerging biofuel technologies, including algae and new conversion pathways;
- Work together with the supply chain to further develop worldwide accepted sustainability certification;
- Establish financing structures to facilitate the implementation of sustainable biofuel projects; and
- Publicly promote the benefits of advanced sustainable biofuels.
The Leaders of Sustainable Biofuels also plan to address national policy makers, the European Commission and the European Parliament with a single voice and encourage others in the industry to do the same.