Portugal: Portugal Biofuel Market Outlook 2017

Since 2015, when the government set the overall biofuel mandate at 7.5 percent for transportation, the market has been adjusting to avoid exceeding the volumetric blending limit for biodiesel. Consumption of HVO and bio-ETBE/Bioethanol took pressure off the use of biodiesel, especially in 2015. In 2016 the use of use of double counting raw materials was maximized, resulting in a significant reduction of biodiesel sales. In 2017, additional requirements for UCOs and AFs may slow down the growth of double counting raw materials use in a more competitive and open to trade Portuguese biodiesel market.

Portugal: Portugal Biofuel Market Outlook 2017