Biodiesel Share Increased Despite Declining Diesel Consumption
Berlin, Germany - Consumption of road traffic diesel and petrol in the first half year of 2018 was lower than in the 2017 reference period. However, the use of biodiesel and bioethanol saw a significant rise, according to the German biodiesel association UFOP.
Since at the same time, consumption of diesel declined 5.2 per cent from the previous year to 17.05 million tonnes, the incorporation rate rose significantly. Whereas in 2017, it amounted to around 5.7 per cent, Agrarmarkt Informations-Gesellschaft mbH (AMI) calculated it at 6.4 per cent for 2018 to date.
According to information published by the Federal Office for Economic Affairs and Export Control (BAFA), the incorporation rate of bioethanol also saw a rise to around 6.7 per cent in the first half year of 2018, consequently outstripping the previous year's figure of 6.1 per cent for the same period.
As UFOP points out, the surge in the incorporation rates of bioethanol and biodiesel could be due to the availability of less costly feedstocks for the production of these two biofuels. In the first few months of 2018, asking prices for palm and rapeseed oil fell to the lowest level for several years. However, maize prices in Paris also dropped significantly below the year-earlier level in the first quarter of 2018.
Source: IWR Online, 11 Oct 2018