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Leaders of Sustainable Biofuels coalition welcomes French company Global Bioenergies as new member of the coalition promoting advanced biofuels as fast track solution to cut transport emissions.
Global Bioenergies develops innovative processes converting a broad variety of renewable feedstocks into advanced biofuels and bio-materials to secure supply and limit global warming. LSB is a coalition of leading advanced biofuels producers and technology developers committed to making a significant contribution to meeting the EU ambitions of decarbonizing the transport sector. Advanced biofuels bring multiple benefits in terms of CO2 reduction, investments, revenues for farmers and forestry, improvements in waste management, and an increase in energy security. Marko Janhunen, Chair of LSB and Vice President, Stakeholder Relations, UPM Biorefining welcomes Global Bioenergies: “It is great to see a key French technology developer join our coalition at this critical moment when EU policy post 2020 is being shaped. Advanced biofuels can provide opportunities across the EU, in all Member States. With the right regulatory framework we can unleash the investment potential”.
Bernard Chaud, Director of Industrial Strategy, Global Bioindustries stated: “Global Bioenergies sees the need for EU wide policy to promote advanced biofuels that are often based on novel technologies and complex feedstock. We are committed to creating sustainable biofuels for consumers in France and in the EU, and look forward to collaborating with the advanced biofuels industry in the LSB coalition”.
LSB requests a dedicated target to be defined for advanced biofuels, as proposed by the Commission in the form of Annex IXA mandate, and the related feedstock list. “A specific advanced biofuels target based on unchanged Annex IXA is a must for creating investment and investor security for advanced biofuels based on complex but sustainable feedstock”, Marko Janhunen concluded.
LSB will be working closely with the European Parliament and the Member States to provide factual information on the potential of advanced biofuels in the European Union.