Strengthening its position as biofuels hub
Standic said the certification was “essential” for both itself and its biofuels clients and that with these two certificates, it can further strengthen its position as an important biodiesel hub in northwest Europe.
Growing demand
If fossil transport fuel demand rebounds to close to prepandemic levels and policy support in key markets continues to expand, transport biofuel production could reach 162 billion litres in 2021, a return to the 2019 level, according to the International Energy Agency.
Output in the next 12 months is anticipated to increase a further 4% year-on-year to 169 billion litres.
Growing fuel demand and strengthened biofuel policies in Asian and South American countries enable those markets to account for the majority of the additional growth. Countries in these...