Government Mandates Drive Growth in the European Bioethanol Market.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c68160) has announced the addition of "European Bioethanol and Feedstock feed·stock n. Raw material required for an industrial process. Noun 1. feedstock - the raw material that is required for some industrial process raw material, staple - material suitable for manufacture or use or finishing Markets Analysis" to their offering. Government Mandates Drive Growth in the European Bioethanol Market With the European biodiesel market reaching maturity, the bioethanol market is becoming the focus for growth in the biofuels sector. The introduction of blending mandates in many EU member states is compelling oil companies to use ethanol as a gasoline blend. Besides, the operating capacity is presently well below the EU directive (European Union Directive) A set of privacy requirements that took effect in 1998 and ordered European member nations to enact compliant legislation. It deals with the establishment of Data Protection Authorities, people's rights to personal information and enforcement. requirements and accordingly, significant opportunities for growth exist. With new plant projects and higher feedstock growth, the market is set to benefit significantly. "The European biofuels market has enjoyed excellent European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community support by way of the Kyoto agreement as well as Directives 2003/30/EC and 2003/96/EC, which specifically aim to promote the increased use of biofuels and set indicative targets for their use in the transport industry," notes the analyst of this research service. "As a result of this EU legislation, individual member states have implemented their own legislation, such as tax relief, renewable transport fuel obligations . The Renewable Transport Fuel Obligation (RTFO) in the United Kingdom is a requirement on transport fuel suppliers to ensure that, by 2010, 5% of all road vehicle fuel is supplied is from sustainable renewable sources. (RTFOs) and blending mandates in order to encourage the use of biofuels and make them cost competitive with mineral fuels." Need for Domestic Energy Self-sufficiency Propels Demand for Biofuels Political instability in the Middle East and failures at pumping stations have had a significant impact on the fuel industry since 2000, highlighting the fact that fossil fuels fossil fuel: see energy, sources of; fuel. fossil fuel Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas. are a finite commodity and supply can be precarious. "This has rekindled interest in alternative fuels and has helped propel pro·pel tr.v. pro·pelled, pro·pel·ling, pro·pels To cause to move forward or onward. See Synonyms at push. [Middle English propellen, from Latin favourable legislation," states the analyst. "In this context, biofuels offer the attraction of self sufficiency and less reliance on oil producing countries." In addition to the above, the change in the sugar regime is driving sugar companies to build ethanol plants for out-of-quota sugar beet sugar beet, variety of beet used commercially as a source of sugar. sugar beet Variety of beet (Beta vulgaris) that accounts for about two-fifths of global sugar production, making it second only to sugarcane as a source of the world's sugar. . Bioethanol greatly supports EU sugar producers who have lost a large portion of their market due to agricultural policy Agricultural policy describes a set of laws relating to domestic agriculture and imports of foreign agricultural products. Governments usually implement agricultural policies with the goal of achieving a specific outcome in the domestic agricultural product markets. changes. Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research: By Geographic Location: * Belgium * France * Germany * Hungary * Italy * The Netherlands * Poland * Spain * Sweden * The United Kingdom For more information, visit http://www.researchandmarkets.com/reports/c68160 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion