欧洲生物柴油市场生变

Core Viewpoint - The European biodiesel market is undergoing significant changes due to the EU's Renewable Energy Directive III, with a shift in focus towards first-generation biodiesel and strong demand for used cooking oil methyl ester (UCOME) as a result of the cancellation of the double counting incentive policy and stricter greenhouse gas reduction targets [1][2][3]. Group 1: Market Changes - The cancellation of the double counting rule is expected to boost the demand for first-generation biodiesel, as it allows for a more straightforward accounting of renewable energy targets [2]. - The German draft legislation has removed the 4.4% cap on crop-based raw materials and the previous plan to reduce it to 3% by 2030, which is likely to enhance the market for crop-based biodiesel [2]. - The approval of soybean oil as a compliant biodiesel raw material will diversify the supply list, potentially putting waste-based raw materials at a competitive disadvantage [2]. Group 2: Demand for UCOME - The high cost of hydrogenated vegetable oil (HVO) is expected to further increase the market demand for UCOME [3]. - The transition from a biofuel quota system to a greenhouse gas reduction accounting system in the Netherlands will set independent reduction targets for various sectors, which is anticipated to create stable demand for UCOME [3]. - The cancellation of the double counting rule is likely to increase the demand for UCOME in the German market as well [3]. Group 3: Raw Material Selection Challenges - The biodiesel industry is actively exploring advanced raw materials, including used cooking oils, to meet increasing greenhouse gas reduction targets [4]. - Companies face the challenge of balancing greenhouse gas reduction effectiveness with economic viability when selecting raw materials [4]. - Advanced raw materials require actual greenhouse gas reduction calculations rather than default standards, making reduction effectiveness a core consideration in raw material selection [4].