Reuters reports that:
European Union plans to cap the use of food-based biofuels are a major setback for an industry once seen playing a central role in the fight against climate change, but now more often cast as the villain following a series of global food price spikes.

Industry sources and analysts predict the plan could trigger a wave of plant closures across Europe while questioning whether so-called advanced biofuels, often made from waste products, can play the greater role now envisioned by the European Commission.

The European Commission announced a major shift in biofuel policy on Monday, saying it plans to limit crop-based biofuels to 5 percent of transport fuel, after campaigners said existing rules take food out of people’s mouths.

Biofuels made from food crops such as grains, sugar and vegetable oils, often called first generation biofuels, had been expected to provide the bulk of a target that 10 percent of all transport fuel should come from renewable sources by 2020.

The balance is now seen provided with a new generation of biofuels derived from waste products, grasses, the inedible parts of plants or a range of other non-food feedstocks including algae.

Read more here

Algae.Tec Feed Me Algae

 

Improving world health and securing fuel independence, sustainably.


SUBSCRIBE TO OUR ALGAETEC CHANNEL
views

Latest Tweets

Reliance converts options @ above 16 cents
Algae.Tec Ltd has announce that it has received its first purchase order from an affiliate of Reliance Industrial Investments and...
Algae.Tec lands purchase order from investor affiliate for $2.4M http://t.co/Kewe3sddw4 #algae #algaeproducts
Algae.Tec bags $2.4 million order for high yield algae production technology http://t.co/kB3wXbhSYP
Follow Algae.Tec on Twitter

AlgaeTec Newsletter

Receive news and updates. Sign-up for Investor Update

Share Price

A$0.047
0.000 (0.00%)
ASX Code: AEB