Biotech Updates

European Biodiesel Board Report 2008-2009: Resilience in the European Biodiesel Industry

August 14, 2009
http://www.ebb-eu.org/EBBpressreleases/EBB%20press%20release%202008%20prod%202009%20cap%20FINAL.pdf
http://www.thebioenergysite.com/articles/400/eu-biodiesel-industry-shows-resilience

In its latest annual biodiesel production and capacities statistics report (2009=8-2009), the European Biofuels Board (EBB) sums up the performance of the European Union's (EU) biodiesel industry as "resilient", amid unfair international competition and unfavorable market conditions. For the past two years (2007 and 2008), EU biodiesel producers had to compete with "heavily subsidized" and dumped "B99" biodiesel from the United States. The U.S. B99 biodiesel was reportedly sold at a much lower price than raw material soybean oil. Despite this condition, a total of 7.7 million tonnes of biodiesel were produced in the EU in 2008, up 35% from the 2007 figures. Other highlights of the annual report are: (1) the EU stands ready to deliver higher volumes of biodiesel product for the near future, with the installation of production capacities which total almost 21 million liters; (2) the EU member states have been able to create a genuine framework supporting the deployment of biodiesel and biofuels, mainly in the form of mandatory targets; and (3) biodiesel is expected to continue to play a decisive role in the EU's energy supply security. Additional details of the EBB annual biodiesel production report is available at the EBB website..