Reinforced by the policy support measures of the second Renewable Energy Directive (REDII), both bioethanol and BBD consumption are forecast to increase by about two percent in 2023.
Despite expanding demand, EU bioethanol production is anticipated to decline this year due to falling sugar beet supplies.
EU BBD production is forecast to increase only marginally with lower biodiesel (fatty acid methyl esters (FAME)) production compensated by further expanding production of hydrogenation derived renewable diesels (HDRD).
Based on expanding consumption and stagnating domestic production, EU imports of both bioethanol and BBD are forecast to increase more than ten percent this year.
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