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KN increases level of biofuel handling

Biofuels is destined for European countries
Biofuels is destined for European countries
More than 37,000 tonnes of biofuels have been handled at Klaipėda oil terminal operated by KN since the beginning of the year.
This is up from just over 5,000 thousand tonnes that were handled throughout last year at the Lithuanian port.
Two types of biofuels are handled at the terminal - ethanol and fatty acid methyl ester, better known as biodiesel.
During the first half of this year, biofuels handled at the terminal mostly reached Western and Northern European countries.
Jurgita Šilinskaitė-Venslovienė, interim director of commerce at KN said that the European Union’s plans to reduce emissions, thus neutralising the impact on climate change, played a crucial role.
Šilinskaitė-Venslovienėsaid: “A law on alternative fuels is currently being drafted in Lithuania. It provides that no less than 6.8% of the energy value of fuel must be biofuels.
“These volumes will increase in 2025 and 2030 accordingly, and will have to make up for as much as 16.8%. A few years ago, KN responded to trends in biofuel demand, by making it possible for customers to load these products or mix biofuels into internal combustion engine fuels.
“We are ready to respond to the growing demand for biofuels and create conditions for our customers to transship even larger amounts of biofuels using the infrastructure available in Klaipėda port.”
According to the European Green Deal, achieving climate neutrality by 2050 requires 90% reduction of emissions from transport and increase the quantity of renewable energy sources.
“The possibilities of biofuel handling in ports are valued all over the world. The export of biofuels opens up a wide range of opportunities for ports, as more and more countries want to use environmentally friendly solutions. As biofuels are produced from renewable sources, by acting in synergy with conventional fuels they significantly reduce the amount of greenhouse gases, so this sector has great potential,” added Šilinskaitė-Venslovienė.

Biofuels is destined for European countries