Neste Responds To EC Proposal On Revised Renewable Energy Directive

On November 30, 2016, Neste, a member of the Biobased and Renewable Products Advocacy Group (BRAG^®), released a statement in response to the publication of the European Commission’s (EC) proposal on the revised Renewable Energy Directive (Directive) for 2021 to 2030.  The aim of the Directive is to raise renewable energy usage in Europe to 27 percent by 2030.  In the revised Directive, the EC introduced a mandate requiring fuel suppliers to include a minimum share of advanced biofuels in their offering, which will increase steadily between 2021 and 2030.  Neste highlighted the fact that for the first time renewable solutions from the aviation and marine sectors are included in the biofuels blending mandate.  Neste stated the proposal would support biofuels use and development in Europe, and provide predictability that would allow companies to plan their long-term operations and investments.  The proposal requires approval from the European Council and the European Parliament before it becomes official.