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introduction
Recently, crude oil prices have risen and the concept of biodiesel has risen again, which in turn boosts oil prices. After analyzing the main production areas of biodiesel and the most important consumption area - EU policy and supply and demand pattern, the EU will reduce the biodiesel blending ceiling, and by 2030, it may reduce nearly half of the biodiesel use. This, in contrast, reduces the consumption of vegetable oil and palm oil .
Crude oil price changes around biodiesel production growth rate
Biodiesel refers to a renewable biomass fuel produced from vegetable oil, animal oil, waste oil, and the like. Biodiesel can partially replace fossil fuels. It is a renewable and clean energy source and one of the strategic products of the bioenergy industry. The price of oil and fat has a high correlation with the price of crude oil. The change in the price of crude oil mainly changes the supply and demand structure of oil and fat by affecting the output and demand of biodiesel, and ultimately drives the fluctuation of oil prices. Major oil producers use their lower raw material costs to develop biodiesel, such as palm oil, the main producers of Indonesia and Malaysia, the main soybean oil producers in the United States, Brazil and Argentina, and the main vegetable producing country, Canada.
When the price of crude oil rose sharply, the growth rate of biodiesel production accelerated; when the price of crude oil fell sharply, the growth rate of biodiesel production slowed down and even showed negative growth. For example, in 2008 and 2011, crude oil prices rose sharply, breaking through the $100/barrel mark. In 2008, it was approaching a historical high of $150/barrel. Biodiesel profits were considerable, and global biodiesel production growth was in 2008 and 2011. Reached 60% and 33% respectively. In 2015, crude oil prices fell sharply, and biodiesel profits fell into losses. In that year, biodiesel production showed only negative growth in 10 years.
In the long-term cycle, global biodiesel production has gradually increased, from 9 million tons in 2007 to 38.4 million tons in 2018. Among them, from 2007 to 2011, the focus of crude oil price operation continued to rise, and the growth rate of biodiesel production was faster, with an average annual growth rate of 27%. In 2012-2018, crude oil prices stagfed and fell, and biodiesel production growth slowed down. The average growth rate is 8%.
At present, biodiesel production accounts for 20% of global vegetable oil production. The changes in the biodiesel market have largely affected the supply and demand structure of the entire oil market, and even the price of oil. Crude oil prices are temporarily below $80/barrel, and global biodiesel growth is expected to remain at an average of 10%.
The proportion of EU biodiesel production in the world has fallen
The major countries and regions for global biodiesel production are the United States, Brazil, Indonesia, Argentina and the European Union. Currently, EU biodiesel production accounts for 37% of global production, with the US accounting for 8% and Brazil accounting for 2%. However, as early as 2005, EU biodiesel production accounted for 85% of global production. With the expansion of global soybean and oil palm planting area, the proportion of soybean oil and palm oil production in the global oil and fat market continues to increase, and the number of biodiesel products is increasing. The proportion of biodiesel production in the Americas and Asia Pacific is also Rising, while Europe's market share is declining. Although the EU is still the region with the largest biodiesel production in the world, the production of biodiesel in the United States, Brazil and Argentina, which is rich in soybeans, accounts for 32% of the total, which is similar to the EU.
In 2017, the EU's consumption of biodiesel was 13.55 million tons, and the consumption in 2018 is expected to increase to 14.27 million tons, an increase of 5.3%. Since 2011, the consumption of biodiesel in the EU has been relatively stable, basically floating around 13 million tons.
In 2017, the EU's biodiesel production was 13.46 million tons, and the output in 2018 is expected to increase to 14.19 million tons, an increase of 5.4%.
The number of EU biodiesel producers has decreased from 365 in 2011 to 193 in 2018, 72 companies have been squeezed out of the market, and the average production capacity of the company has not changed much, with an average annual production capacity of 90,000 tons. Due to the withdrawal of a large number of companies, EU biodiesel production capacity has also shrunk significantly, from a maximum of 22.15 million tons in 2012 to 17.89 million tons in 2018.
Since 2012, as crude oil prices have fallen, especially since 2014, crude oil prices have fallen directly from the high of $100/barrel to below $40/barrel. The profit of biodiesel production has declined, the number of enterprises has decreased, and the EU biodiesel production capacity has been reduced. Then shrink.
In 2014, the number and capacity of biodiesel companies in the EU decreased by a large margin. The number of enterprises decreased by 26, and the production capacity decreased by 2.12 million tons. The output of biodiesel in that year increased by 15%. The reason is that the company's capacity utilization rate has increased significantly. In 2014, the capacity utilization rate of EU biodiesel enterprises was 64.31%, which was nearly 14 percentage points higher than the 50.33% in 2013, with a growth rate of 27.78%. Since 2013, the growth rate of capacity utilization rate has been higher than the growth rate of production, with an average annual increase of 4 percentage points.
In the process of the decline in the number of EU companies and the overall level of production capacity, the capacity utilization rate of enterprises has been increasing, from 45.56% in 2011 to 79.33% in 2018. In the past eight years, the capacity utilization rate of EU biodiesel enterprises has been raised by 33.77 percentage points. Enterprises increase biodiesel production by increasing capacity utilization to meet domestic consumer demand.
Increase import tariffs to curb imports of biodiesel
In 2018, EU biodiesel imports are expected to be 500,000 tons. Since 2014, EU biodiesel imports have remained at between 500,000 and 600,000 tons. In the past few years, EU imports of biodiesel were close to 3 million tons. In 2013, EU biodiesel imports were 1.23 million tons, down 1.67 million tons from 2012's 2.9 million tons, a drop of 57.7%. After that, the import volume in 2014 was further reduced to 560,000 tons, a decrease of 54.63%.
The EU biodiesel tariff policy has been continuously adjusted. Before 2008, the import and export of biodiesel between EU member states was duty-free, and a 6.5% tariff was imposed on biodiesel imported from other countries. In 2008, the European Commission decided to launch anti-dumping and countervailing investigations on biodiesel imported from the United States. In 2009, the European Commission began to impose temporary anti-dumping and countervailing duties on US biodiesel; in 2015, it decided to The anti-dumping and countervailing duty imposed on biodiesel is extended to 2020.
In 2013, the EU imposed a temporary anti-dumping duty on biodiesel in Indonesia and Argentina, a tariff of 6.8%-10.6% on biodiesel in Argentina and a tariff of 2.8%-9.6% on biodiesel in Indonesia.
The adjustment of EU tariff policy has led to the loss of cost-effectiveness of imported biodiesel. After 2013, EU biodiesel imports have dropped significantly, from 2.9 million tons in 2012 to 500,000 tons in 2017.
Adjust biofuel policy to develop renewable energy
The decline in the proportion of EU biodiesel production in the global market is mainly due to its adjustment of biofuels policy.
Since the 1990s, the EU has actively formulated policies to improve the international climate. In 2001, a directive on promoting the development of renewable energy was introduced. The proportion of renewable energy is planned to increase to 12% by 2010. In 2009, the European Council adopted the EU Energy and Climate Change Program, and the Renewable Energy Directive is part of it. Content, the goal of the directive is to ensure that all EU member states can achieve a 20% blend of biofuels by 2020, while setting a 10% blending target for transportation fuel use. Blending rate refers to the percentage of biofuel in the blend in a blend of fossil fuels and biofuels, such as B100 for 100% biofuel and B5 for 5% biofuel and 95% fossil fuel.
Biofuels are divided into first generation biofuels and second generation biofuels. The first generation of biofuels refers to biofuels based on food crops or vegetable oils, including biodiesel produced from vegetable oils and bioethanol produced from corn and sugar cane. EU biodiesel production accounts for 70% of first-generation biofuel production, bioethanol 25%, others accounted for 5%. The second-generation biofuels are mainly non-food crops, which are biodiesel produced from animal fats and waste cooking oils, and cellulosic ethanol produced from wastes such as straw, hay, and wood chips. The most important difference between the second generation of biofuels and the first generation is whether food crops are used as raw materials.
Since the cultivation of biofuel-producing crops will seize the arable land of food crops and push up food prices, the recent work on the study of single biofuel feedstocks confirms that greenhouse gas emissions from bio-fuels using vegetable oils are significantly higher than those of starch or sugar. Biofuels from raw materials, some biofuels may have higher total carbon emissions than fossil fuels, while advanced biofuels that use non-food crops typically have low greenhouse gas emissions. In some areas, large areas of natural vegetation and forests have been cleared and burned to grow soybeans and palm trees to make biodiesel.
The European Commission strongly supports the increase in the proportion of biofuel blends, but sets an upper limit on the blending ratio of first-generation biofuels. EU environmentalism and production companies are continually gambling on the first-generation biofuel blending rate, and the European Commission is trying to coordinate the differences between the two through internal agreements. In 2012, the European Commission proposed that biofuels based on food crops should not be blended at a rate higher than 5%. In 2013, the European Parliament voted with a weak majority to set the upper limit of the use of grain-based biofuels as transportation fuel to 6%. On June 14, 2014, EU countries reached an interim agreement stipulating that the proportion of first-generation biofuels used in transportation vehicles should not exceed 7% to protect the area and output of food crops. On April 14, 2015, members of the European Parliament's Environment Committee signed a compromise agreement to impose clear restrictions on food crop-based biofuels used by the transportation sector, requiring EU member states to limit the use of the first generation in the transportation sector. The proportion of biofuels will fall to 7% by 2020.
On November 30, 2016, the European Commission announced a second renewable energy directive to be implemented between 2021 and 2030. The first-generation biofuel blending limit based on food crops will fall from 7% in 2021. 3.8% by 2030. The directive requires that the first-generation biofuel blending limit of 2021-2025 be reduced by 0.3 percentage points year by year, and from 2026 to 2030, it should be 0.4 percentage points year by year. At the same time, the lower limit of blending of second-generation biofuels was raised from 1.5% in 2021 to 6.8% in 2030. After 2020, the consumption of biodiesel and bioethanol for the first generation of biofuels will gradually decrease, and the consumption of second generation biofuels will increase significantly.
The biodiesel production in the EU countries is divided into the top three in Germany, France and Spain, accounting for 28%, 19% and 12% respectively. The output of these three countries accounts for 59% of the total EU biodiesel production.
At present, the rapeseed used to produce biodiesel in Germany has more than 1 million hectares of planted area, and biodiesel has accounted for more than 60% of the German renewable energy market. The German government actively encourages the production and application of biodiesel and gives farmers a certain subsidy for planting rapeseed. In addition, Germany has more than 1,500 biodiesel gas stations, and since 2004, it has implemented a tax exemption policy for biodiesel, exempting biodiesel or diesel consumption tax mixed with ordinary petrochemical diesel. The mixed oil tax allowance is based on the proportion of biodiesel. . This measure further promotes the production and use of biodiesel in Germany. Biodiesel has replaced ordinary diesel in Germany as a fuel for buses, taxis and agricultural machinery.
The French government has promoted the development of bioenergy since 2003, encouraging the use of bioenergy, including: reducing taxes or exempting taxes; the design of automobile engines is based on biodiesel engines, accounting for about 63% of French car ownership.
Italy is a country with a large amount of imported energy, and imports account for 80% of energy demand. At present, Italy's biodiesel raw materials are mainly from rapeseed from France and Germany.
Suppressing biodiesel consumption is bound to impact the oil market
The EU's biodiesel raw materials are vegetable oil, palm oil, waste cooking oil, animal oil, soybean oil and so on. Among them, vegetable oil is the most important raw material for biodiesel production in the EU, accounting for 43%. However, in the 2008 EU biodiesel raw materials, vegetable oil accounted for up to 72%. Later, with the increase in the production of American soybeans and Southeast Asian palm oil, the EU imported soybean oil and palm oil increased, and the vegetable oil used for biodiesel production. The proportion has decreased. Despite this, the EU is still the world's leading region for the production of biodiesel from vegetable oil. Biodiesel produced from vegetable oil is consumed in the EU by 80%.
Palm oil is the second most used in EU biodiesel production, with palm oil mainly imported from Indonesia and Malaysia. Spain, the Netherlands, Finland, Italy and France mainly produce biodiesel from palm oil, much less in Germany, Portugal, Romania and Poland. In 2017, the EU imported 2.3 million tons of palm oil for biodiesel production, accounting for 35% of EU palm oil imports and 3.71% of global palm oil consumption.
In order to plant more palm trees, Indonesia has destroyed a large number of tropical plants, destroyed the ecological balance and is contrary to the original intention of developing biodiesel. Therefore, the EU will reduce the amount of palm oil used in biodiesel. From 2030, the EU may stop at Palm oil is used in transportation fuels.
According to the EU's renewable energy policy, the upper limit of blending of first-generation biofuels based on food crops has fallen from 7% in 2021 to 3.8% in 2030, and biodiesel production will be halved, with a reduction of 7 million tons. Vegetable oil and palm oil used in the production of biodiesel account for about 62% of the total, and by 2030, the total use will be reduced by 4.3 million tons. Based on EU policy adjustments, palm oil consumption in biodiesel is expected to decrease by more than vegetable oil by 2030. Palm oil use is expected to decrease by 2.3 million tons, accounting for 3% of global palm oil consumption. Reduced by 2 million tons, accounting for 10% of global vegetable oil consumption.
Overall, the marginal effects of biodiesel production on crude oil prices have weakened in light of EU biofuel policy adjustments. In the next 10 years, the amount of vegetable oil and palm oil used in the production of biodiesel in the EU will decrease, and the demand for oil will decline.
(Author: Cinda Futures)
For 1-2colors logo, we will use silk printing
For full color logo, we will print it with heat transfer printing ,
And we also make normal sticker for single color or full color logo
Recently, crude oil prices have risen and the concept of biodiesel has risen again, which in turn boosts oil prices. After analyzing the main production areas of biodiesel and the most important consumption area - EU policy and supply and demand pattern, the EU will reduce the biodiesel blending ceiling, and by 2030, it may reduce nearly half of the biodiesel use. This, in contrast, reduces the consumption of vegetable oil and palm oil .
Crude oil price changes around biodiesel production growth rate
Biodiesel refers to a renewable biomass fuel produced from vegetable oil, animal oil, waste oil, and the like. Biodiesel can partially replace fossil fuels. It is a renewable and clean energy source and one of the strategic products of the bioenergy industry. The price of oil and fat has a high correlation with the price of crude oil. The change in the price of crude oil mainly changes the supply and demand structure of oil and fat by affecting the output and demand of biodiesel, and ultimately drives the fluctuation of oil prices. Major oil producers use their lower raw material costs to develop biodiesel, such as palm oil, the main producers of Indonesia and Malaysia, the main soybean oil producers in the United States, Brazil and Argentina, and the main vegetable producing country, Canada.
When the price of crude oil rose sharply, the growth rate of biodiesel production accelerated; when the price of crude oil fell sharply, the growth rate of biodiesel production slowed down and even showed negative growth. For example, in 2008 and 2011, crude oil prices rose sharply, breaking through the $100/barrel mark. In 2008, it was approaching a historical high of $150/barrel. Biodiesel profits were considerable, and global biodiesel production growth was in 2008 and 2011. Reached 60% and 33% respectively. In 2015, crude oil prices fell sharply, and biodiesel profits fell into losses. In that year, biodiesel production showed only negative growth in 10 years.
In the long-term cycle, global biodiesel production has gradually increased, from 9 million tons in 2007 to 38.4 million tons in 2018. Among them, from 2007 to 2011, the focus of crude oil price operation continued to rise, and the growth rate of biodiesel production was faster, with an average annual growth rate of 27%. In 2012-2018, crude oil prices stagfed and fell, and biodiesel production growth slowed down. The average growth rate is 8%.
At present, biodiesel production accounts for 20% of global vegetable oil production. The changes in the biodiesel market have largely affected the supply and demand structure of the entire oil market, and even the price of oil. Crude oil prices are temporarily below $80/barrel, and global biodiesel growth is expected to remain at an average of 10%.
The proportion of EU biodiesel production in the world has fallen
The major countries and regions for global biodiesel production are the United States, Brazil, Indonesia, Argentina and the European Union. Currently, EU biodiesel production accounts for 37% of global production, with the US accounting for 8% and Brazil accounting for 2%. However, as early as 2005, EU biodiesel production accounted for 85% of global production. With the expansion of global soybean and oil palm planting area, the proportion of soybean oil and palm oil production in the global oil and fat market continues to increase, and the number of biodiesel products is increasing. The proportion of biodiesel production in the Americas and Asia Pacific is also Rising, while Europe's market share is declining. Although the EU is still the region with the largest biodiesel production in the world, the production of biodiesel in the United States, Brazil and Argentina, which is rich in soybeans, accounts for 32% of the total, which is similar to the EU.
In 2017, the EU's consumption of biodiesel was 13.55 million tons, and the consumption in 2018 is expected to increase to 14.27 million tons, an increase of 5.3%. Since 2011, the consumption of biodiesel in the EU has been relatively stable, basically floating around 13 million tons.
In 2017, the EU's biodiesel production was 13.46 million tons, and the output in 2018 is expected to increase to 14.19 million tons, an increase of 5.4%.
The number of EU biodiesel producers has decreased from 365 in 2011 to 193 in 2018, 72 companies have been squeezed out of the market, and the average production capacity of the company has not changed much, with an average annual production capacity of 90,000 tons. Due to the withdrawal of a large number of companies, EU biodiesel production capacity has also shrunk significantly, from a maximum of 22.15 million tons in 2012 to 17.89 million tons in 2018.
Since 2012, as crude oil prices have fallen, especially since 2014, crude oil prices have fallen directly from the high of $100/barrel to below $40/barrel. The profit of biodiesel production has declined, the number of enterprises has decreased, and the EU biodiesel production capacity has been reduced. Then shrink.
In 2014, the number and capacity of biodiesel companies in the EU decreased by a large margin. The number of enterprises decreased by 26, and the production capacity decreased by 2.12 million tons. The output of biodiesel in that year increased by 15%. The reason is that the company's capacity utilization rate has increased significantly. In 2014, the capacity utilization rate of EU biodiesel enterprises was 64.31%, which was nearly 14 percentage points higher than the 50.33% in 2013, with a growth rate of 27.78%. Since 2013, the growth rate of capacity utilization rate has been higher than the growth rate of production, with an average annual increase of 4 percentage points.
In the process of the decline in the number of EU companies and the overall level of production capacity, the capacity utilization rate of enterprises has been increasing, from 45.56% in 2011 to 79.33% in 2018. In the past eight years, the capacity utilization rate of EU biodiesel enterprises has been raised by 33.77 percentage points. Enterprises increase biodiesel production by increasing capacity utilization to meet domestic consumer demand.
Increase import tariffs to curb imports of biodiesel
In 2018, EU biodiesel imports are expected to be 500,000 tons. Since 2014, EU biodiesel imports have remained at between 500,000 and 600,000 tons. In the past few years, EU imports of biodiesel were close to 3 million tons. In 2013, EU biodiesel imports were 1.23 million tons, down 1.67 million tons from 2012's 2.9 million tons, a drop of 57.7%. After that, the import volume in 2014 was further reduced to 560,000 tons, a decrease of 54.63%.
The EU biodiesel tariff policy has been continuously adjusted. Before 2008, the import and export of biodiesel between EU member states was duty-free, and a 6.5% tariff was imposed on biodiesel imported from other countries. In 2008, the European Commission decided to launch anti-dumping and countervailing investigations on biodiesel imported from the United States. In 2009, the European Commission began to impose temporary anti-dumping and countervailing duties on US biodiesel; in 2015, it decided to The anti-dumping and countervailing duty imposed on biodiesel is extended to 2020.
In 2013, the EU imposed a temporary anti-dumping duty on biodiesel in Indonesia and Argentina, a tariff of 6.8%-10.6% on biodiesel in Argentina and a tariff of 2.8%-9.6% on biodiesel in Indonesia.
The adjustment of EU tariff policy has led to the loss of cost-effectiveness of imported biodiesel. After 2013, EU biodiesel imports have dropped significantly, from 2.9 million tons in 2012 to 500,000 tons in 2017.
Adjust biofuel policy to develop renewable energy
The decline in the proportion of EU biodiesel production in the global market is mainly due to its adjustment of biofuels policy.
Since the 1990s, the EU has actively formulated policies to improve the international climate. In 2001, a directive on promoting the development of renewable energy was introduced. The proportion of renewable energy is planned to increase to 12% by 2010. In 2009, the European Council adopted the EU Energy and Climate Change Program, and the Renewable Energy Directive is part of it. Content, the goal of the directive is to ensure that all EU member states can achieve a 20% blend of biofuels by 2020, while setting a 10% blending target for transportation fuel use. Blending rate refers to the percentage of biofuel in the blend in a blend of fossil fuels and biofuels, such as B100 for 100% biofuel and B5 for 5% biofuel and 95% fossil fuel.
Biofuels are divided into first generation biofuels and second generation biofuels. The first generation of biofuels refers to biofuels based on food crops or vegetable oils, including biodiesel produced from vegetable oils and bioethanol produced from corn and sugar cane. EU biodiesel production accounts for 70% of first-generation biofuel production, bioethanol 25%, others accounted for 5%. The second-generation biofuels are mainly non-food crops, which are biodiesel produced from animal fats and waste cooking oils, and cellulosic ethanol produced from wastes such as straw, hay, and wood chips. The most important difference between the second generation of biofuels and the first generation is whether food crops are used as raw materials.
Since the cultivation of biofuel-producing crops will seize the arable land of food crops and push up food prices, the recent work on the study of single biofuel feedstocks confirms that greenhouse gas emissions from bio-fuels using vegetable oils are significantly higher than those of starch or sugar. Biofuels from raw materials, some biofuels may have higher total carbon emissions than fossil fuels, while advanced biofuels that use non-food crops typically have low greenhouse gas emissions. In some areas, large areas of natural vegetation and forests have been cleared and burned to grow soybeans and palm trees to make biodiesel.
The European Commission strongly supports the increase in the proportion of biofuel blends, but sets an upper limit on the blending ratio of first-generation biofuels. EU environmentalism and production companies are continually gambling on the first-generation biofuel blending rate, and the European Commission is trying to coordinate the differences between the two through internal agreements. In 2012, the European Commission proposed that biofuels based on food crops should not be blended at a rate higher than 5%. In 2013, the European Parliament voted with a weak majority to set the upper limit of the use of grain-based biofuels as transportation fuel to 6%. On June 14, 2014, EU countries reached an interim agreement stipulating that the proportion of first-generation biofuels used in transportation vehicles should not exceed 7% to protect the area and output of food crops. On April 14, 2015, members of the European Parliament's Environment Committee signed a compromise agreement to impose clear restrictions on food crop-based biofuels used by the transportation sector, requiring EU member states to limit the use of the first generation in the transportation sector. The proportion of biofuels will fall to 7% by 2020.
On November 30, 2016, the European Commission announced a second renewable energy directive to be implemented between 2021 and 2030. The first-generation biofuel blending limit based on food crops will fall from 7% in 2021. 3.8% by 2030. The directive requires that the first-generation biofuel blending limit of 2021-2025 be reduced by 0.3 percentage points year by year, and from 2026 to 2030, it should be 0.4 percentage points year by year. At the same time, the lower limit of blending of second-generation biofuels was raised from 1.5% in 2021 to 6.8% in 2030. After 2020, the consumption of biodiesel and bioethanol for the first generation of biofuels will gradually decrease, and the consumption of second generation biofuels will increase significantly.
The biodiesel production in the EU countries is divided into the top three in Germany, France and Spain, accounting for 28%, 19% and 12% respectively. The output of these three countries accounts for 59% of the total EU biodiesel production.
At present, the rapeseed used to produce biodiesel in Germany has more than 1 million hectares of planted area, and biodiesel has accounted for more than 60% of the German renewable energy market. The German government actively encourages the production and application of biodiesel and gives farmers a certain subsidy for planting rapeseed. In addition, Germany has more than 1,500 biodiesel gas stations, and since 2004, it has implemented a tax exemption policy for biodiesel, exempting biodiesel or diesel consumption tax mixed with ordinary petrochemical diesel. The mixed oil tax allowance is based on the proportion of biodiesel. . This measure further promotes the production and use of biodiesel in Germany. Biodiesel has replaced ordinary diesel in Germany as a fuel for buses, taxis and agricultural machinery.
The French government has promoted the development of bioenergy since 2003, encouraging the use of bioenergy, including: reducing taxes or exempting taxes; the design of automobile engines is based on biodiesel engines, accounting for about 63% of French car ownership.
Italy is a country with a large amount of imported energy, and imports account for 80% of energy demand. At present, Italy's biodiesel raw materials are mainly from rapeseed from France and Germany.
Suppressing biodiesel consumption is bound to impact the oil market
The EU's biodiesel raw materials are vegetable oil, palm oil, waste cooking oil, animal oil, soybean oil and so on. Among them, vegetable oil is the most important raw material for biodiesel production in the EU, accounting for 43%. However, in the 2008 EU biodiesel raw materials, vegetable oil accounted for up to 72%. Later, with the increase in the production of American soybeans and Southeast Asian palm oil, the EU imported soybean oil and palm oil increased, and the vegetable oil used for biodiesel production. The proportion has decreased. Despite this, the EU is still the world's leading region for the production of biodiesel from vegetable oil. Biodiesel produced from vegetable oil is consumed in the EU by 80%.
Palm oil is the second most used in EU biodiesel production, with palm oil mainly imported from Indonesia and Malaysia. Spain, the Netherlands, Finland, Italy and France mainly produce biodiesel from palm oil, much less in Germany, Portugal, Romania and Poland. In 2017, the EU imported 2.3 million tons of palm oil for biodiesel production, accounting for 35% of EU palm oil imports and 3.71% of global palm oil consumption.
In order to plant more palm trees, Indonesia has destroyed a large number of tropical plants, destroyed the ecological balance and is contrary to the original intention of developing biodiesel. Therefore, the EU will reduce the amount of palm oil used in biodiesel. From 2030, the EU may stop at Palm oil is used in transportation fuels.
According to the EU's renewable energy policy, the upper limit of blending of first-generation biofuels based on food crops has fallen from 7% in 2021 to 3.8% in 2030, and biodiesel production will be halved, with a reduction of 7 million tons. Vegetable oil and palm oil used in the production of biodiesel account for about 62% of the total, and by 2030, the total use will be reduced by 4.3 million tons. Based on EU policy adjustments, palm oil consumption in biodiesel is expected to decrease by more than vegetable oil by 2030. Palm oil use is expected to decrease by 2.3 million tons, accounting for 3% of global palm oil consumption. Reduced by 2 million tons, accounting for 10% of global vegetable oil consumption.
Overall, the marginal effects of biodiesel production on crude oil prices have weakened in light of EU biofuel policy adjustments. In the next 10 years, the amount of vegetable oil and palm oil used in the production of biodiesel in the EU will decrease, and the demand for oil will decline.
(Author: Cinda Futures)
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Custom logo is available.For 1-2colors logo, we will use silk printing
For full color logo, we will print it with heat transfer printing ,
And we also make normal sticker for single color or full color logo
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