logo
menu

The future of HVO is bright

Palm oil products face an uncertain future in the EU
Palm oil products face an uncertain future in the EU
In the past several years, the EU and the US have witnessed a marked increase in interest in hydrotreated vegetable oil (HVO) or renewable diesel (as it is more commonly referred to in the US).
HVO is a diesel-quality fuel, made by the hydro-processing of oils and fats, and is an alternative to standard biodiesel. It can also be further upgraded to biojet-quality fuel. Its superior technical qualities – reduced nitrous oxide (NOx) emissions, longer term storage stability, and superior cold flow properties for use in cold climates - make it a complete replacement for diesel. If its manufacture is also low carbon (as is the case when using waste oils) it also can reduce carbon dioxide (CO2) by up to 90%.
Its excellent environmental and technical properties have been noticed – proven both by its large pricing premiums and increasing global buildout. Global HVO production now stands at over 5 billion litres per year, with an additional 2 billion litres in announced projects in varying stages of development.
While this is a large percentage increase, even if all of this capacity came online, it still remains a minority position in the much larger biofuels...

To continue reading this article you need to be logged in. Register for free or log in here.
Palm oil products face an uncertain future in the EU