EUROPE ADVANCED BIODIESEL MARKET ANALYSIS

Europe Advanced Biodiesel Market, By Raw Material (Trap Grease & Brown Grease, Yellow Grease, Algae, Agriculture & Forest Residue, Municipal Solid Wastes (MSWs), and Others), By End-use Industry (Transportation (Automotive, Aviation, and Marine), Power Generation, and Others), and By Country (U.K., Germany, France, Italy, Spain, Austria, Belgium, Poland, Russia, Czech Republic, and Rest of Europe)-

Europe Advanced Biodiesel Market: Recent Developments

In September 2022, Neste launched a strategic study on transitioning its refinery in Porvoo, Finland, to non-crude oil refining and into a globally leading renewable and circular solutions site. Through co-processing and retrofitting units, and benefiting from available refining assets, experience, and know-how Neste targets to significantly grow its renewables and circular production in Porvoo in long term.
In July 2022, DHL Global Forwarding, the air and ocean freight specialist of Germany’s Deutsche Post DHL Group, signed an agreement with compatriot liner shipping company Hapag-Lloyd for the use of advanced biofuels. As an initial step, Hapag-Lloyd will ship 18,000 TEU of DHL’s volume using advanced biofuels, which is equivalent to a reduction of 14,000 tons of Well-to-Wake CO2 emissions. The two companies share the vision of decarbonizing container shipping and logistics.