Biofuel Market in Europe to 2020 - Blending Mandates and Tax Incentives Will Accelerate Biofuel Demand in Europe

Document Sample
Biofuel Market in Europe to 2020 - Blending Mandates and Tax Incentives Will Accelerate Biofuel Demand in Europe Powered By Docstoc
					       Biofuel Market in Europe to 2020 - Blending Mandates and
       Tax Incentives Will Accelerate Biofuel Demand in Europe
    Reference Code: GBICT0036ICR                                                                                    Publication Date: March 2011

                                        European Biofuel Policies to Promote Biofuel Usage in the European Economy
                                        The production of biofuel in Europe has grown over the years. This was due to various policies
                                        adopted by the European Union (EU). For promoting the biofuel market in Europe, the EU has
                                        structured various directives for all the European countries. The prime legislations for the higher
                                        use of biofuel are Renewable Energy Directives, (2009/28/EC, 2003/30/EC), the Energy Taxation
                                        Directives (2003/96/EC) and the Directive on the Quality of Petrol and Diesel fuels (2009/30/EC).
                                        The Renewable Energy Directive, 2003/30/EC aimed for a 5.75% market share of biofuel among all
                                        transport fuels. This was to be achieved by all EU states by 2010. Whereas the market share
                                        directives for 2010 were in place, the new directive aimed for 20% of the share of renewable
                                        energies in primary energy consumption of Europe by 2020. The budgetary back up connected with
                                        the production and consumption volume of biofuel , support for intermediate inputs, value-adding
                                        factors, distribution and consumption and research and development. The EU has been actively
                                        involved in constructing policies which will motivate and promote the use of biofuel in the European
                                        market. EU also interferes and controls the market price to hold a balance by unnatural increase of
                                        consumer and producer price when required. In EU, blending rates and border protection tariffs
                                        are very important for holding the dynamics of the biofuel market. The blending rate demonstrates
                                        mandatory requirements for the share of biofuel in transport fuels sold. The border protection tariff
                                        intends to protect European production of biofuel through tariffs on biofuel imports.
                                        The table below shows some of the subsidies offered by EU to promote the production of biofuel

                                         Subsidy Cost, $/metric ton of CO2 equivalent
                                         Parameters                                                                                          Cost ($)
                                         Ethanol Made from Sugar beet                                                                  246.7 to 396.5
                                         Ethanol from grains                                                                         887.2 to 1,885.9
                                         Biodiesel made from used cooking oil                                                          119.4 to 126.0
                                         Biodiesel made from rapeseed oil                                                              348.8 to 460.2
                                         Source:GBI Research,
                                         Note:Conversion rate , €1 = $1.3262


                                        Higher Land Area Required For Biofuel Production Will Be a Key Restraint for the Europe
                                        Biofuel Industry
                                        Increasing oil prices and need for energy independence will spur the development of the biofuel
                                        market in Europe. However, the supplies required to meet the increase in demand is likely to
                                        remain the same or lessen because of the availability of land. In Europe, substituting all current
                                        gasoline consumption with ethanol would require more land for rapeseed production than is
                                        presently under agricultural production. The use of technology will be central to boost the role of
                                        biofuel. If suitable technological advancement is not available, and then the availability of land for
                                        feedstock production will be a major challenge for the development of biofuel required to meet the
                                        demand in Europe.’
                                        Europe Will Produce 700.3 Mbblpd of Biofuel By 2020
   Biofuel production to be             Biofuel production in Europe in 2005 was 79.7 Mbblpd. The production of biofuel rose to 288
   700 Mbblpd in Europe by              Mbblpd in 2009 with a compounded annual growth rate (CAGR) of 32% for the period 2005–2009.
   the end of 2020.                     GBI Research estimates that the biofuel production by the end of 2020 will be 700.3 Mbblpd. The
                                        CAGR for the period 2010–2020 will be 9%. The figure below shows biofuel production in Europe
                                        for the period 2005–2020.




Biofuel Market in Europe to 2020 - Blending Mandates and                                                         GBICT0036ICR /Published MAR 2011
Tax Incentives Will Accelerate Biofuel Demand in Europe
                                                                                                                                               Page 1
                                                                                © GBI Research. This is a licensed product and is not to be photocopied
                                         Biofuel Market, Biofuel Production, (Mbblpd), Europe, 2005–2020


                                                                                                       Driving Forces
                                                                                   700.3 Mbblpd
                                                                                                      • Government Policies
                                                                                                      • Need for energy independence


                                                                 288 Mbblpd
                                                                                       2020

                                                                                                       Challenging and Restraining Forces
                                                                                                        • High Land Requirement
                                                                    2010
                                                                                                        • Sustainability Issues
                                                 79.7 Mbblpd



                                                    2005




                                         Source:GBI Research



                                        Europe Biofuel Production May Face Sustainability Issues
                                        First generation fuels such as ethanol produced from corn, competes for land with food crops. The
                                        biofuel industry is dedicated to use biofuel which are grown in a sustainable way and do not
                                        compete for land or water with food crops. This is a major challenge for the growth of sustainable
                                        biofuel which do not take up productive arable land which can be used for food production. This
                                        issue has been a matter of concern for the leaders of the biofuel market. GBI research believes that
                                        in addition to developing fuels which reduces sustainability challenges, the biofuel industry will also
                                        face challenges in developing fuels which can be mass produced at a low cost with high yield and
                                        minimal environmental impact. Hence, to overcome this sustainability challenges, extensive
                                        research is required in the field of next generation fuels which will potentially reduce the use of
                                        arable land and will also deliver higher yields




Biofuel Market in Europe to 2020 - Blending Mandates and                                                     GBICT0036ICR /Published MAR 2011
Tax Incentives Will Accelerate Biofuel Demand in Europe
                                                                                                                                           Page 2
                                                                            © GBI Research. This is a licensed product and is not to be photocopied
                                        1      Table of Contents
                                        1   Table of Contents ........................................................................................................................ 3
                                            1.1    List of Tables..................................................................................................................... 5
                                            1.2    List of Figures ................................................................................................................... 6
                                        2   Europe Biofuels Market Definition ............................................................................................... 7
                                            2.1    Introduction ....................................................................................................................... 7
                                               2.1.1     Market Definition........................................................................................................ 7
                                            2.2    Classification of Europe Biofuel Market ............................................................................ 8
                                               2.2.1     Classification of Europe Biofuel Market by Geography .............................................. 9
                                            2.3    GBI Research Report Guidance ....................................................................................... 9
                                        3   Europe Biofuels Market Analysis and Forecasts ....................................................................... 10
                                            3.1    Europe Biofuel Market, Market Force Analysis ............................................................... 10
                                               3.1.1     Europe Biofuel Market, Key Drivers......................................................................... 10
                                               3.1.2     Europe Biofuel Market, Key Restraints .................................................................... 13
                                               3.1.3     Europe Biofuel Market, Key Challenges .................................................................. 14
                                            3.2    Europe Biofuel Production and Consumption ................................................................. 15
                                               3.2.1     Europe Biofuel Production (Mbblpd) ........................................................................ 15
                                               3.2.2     Europe Biofuel Production (Mbblpd) by Types, ....................................................... 17
                                               3.2.3     Europe Biofuel Production, (Mbblpd), On the Basis of Country ............................... 21
                                               3.2.4     Europe Biofuel Consumption (Mbblpd) .................................................................... 27
                                               3.2.5     Europe Biofuel Consumption (Mbblpd), by Types ................................................... 29
                                               3.2.6     Europe Biofuel Consumption, (Mbblpd), On the basis of Country ........................... 32
                                        4   Europe Biofuels Market, Major Country Analysis....................................................................... 38
                                            4.1    Germany Biofuel Market Analysis ................................................................................... 38
                                               4.1.1     Germany Feedstock Production Assessment .......................................................... 38
                                               4.1.2     Germany Biofuel Production, (Mbblpd), 2005–2020 ................................................ 47
                                               4.1.3     Germany Key Biofuel Plants, 2009 .......................................................................... 49
                                               4.1.4     Germany Biofuel Consumption, 2005–2009 ............................................................ 50
                                               4.1.5     Germany Biofuel Market, Key Policies .................................................................... 51
                                               4.1.6     Germany Biofuel Market, Key Companies ............................................................... 52
                                            4.2    France Biofuel Market Analysis....................................................................................... 58
                                               4.2.1     France Feedstock Production Assessment ............................................................. 58
                                               4.2.2     France Biofuel Production, (Mbblpd), 2005–2020 ................................................... 71
                                               4.2.3     France Key Biofuel Plants, 2009 ............................................................................. 73
                                               4.2.4     France Biofuel Consumption, 2005–2009 ............................................................... 74
                                               4.2.5     France Biofuel Market, Key Policies ........................................................................ 75
                                               4.2.6     France Biofuel Market, Key Companies .................................................................. 78
                                            4.3    Italy Biofuel Market Analysis ........................................................................................... 81
                                               4.3.1     Italy Feedstock Production Assessment .................................................................. 81
                                               4.3.2     Italy Biofuel Production, (Mbblpd), 2005–2020 ........................................................ 89
                                               4.3.3     Italy Key Biofuel Plants, 2009 .................................................................................. 91
                                               4.3.4     Italy Biofuel Consumption, 2005–2009 .................................................................... 92
                                               4.3.5     Italy Biofuel Market, Key Policies............................................................................. 93
                                               4.3.6     Italy Biofuel Market, Key Companies ....................................................................... 93
                                        5   Europe Biofuel Market , Deals ................................................................................................... 95
                                            5.1    Asset Finance ................................................................................................................. 95
                                            5.2    Equity Offerings .............................................................................................................. 97
                                            5.3    Debt Offerings ................................................................................................................. 98
                                            5.4    Private Equity/Venture Financing (PE/VC) ...................................................................... 99
                                            5.5    Acquisitions ................................................................................................................... 101
                                        6   Appendix ................................................................................................................................. 103
                                            6.1    About GBI Research ..................................................................................................... 103
                                            6.2    Abbreviations ................................................................................................................ 103
                                            6.3    Methodology ................................................................................................................. 103


Biofuel Market in Europe to 2020 - Blending Mandates and                                                                               GBICT0036ICR /Published MAR 2011
Tax Incentives Will Accelerate Biofuel Demand in Europe
                                                                                                                                                                                Page 3
                                                                                          © GBI Research. This is a licensed product and is not to be photocopied
                                              6.3.1    Coverage ............................................................................................................... 103
                                              6.3.2    Secondary Research ............................................................................................. 104
                                              6.3.3    Primary Research .................................................................................................. 104
                                              6.3.4    Expert Panel Validation ......................................................................................... 104
                                           6.4    Contact Us .................................................................................................................... 105
                                           6.5    Disclaimer ..................................................................................................................... 105




Biofuel Market in Europe to 2020 - Blending Mandates and                                                                            GBICT0036ICR /Published MAR 2011
Tax Incentives Will Accelerate Biofuel Demand in Europe
                                                                                                                                                                            Page 4
                                                                                        © GBI Research. This is a licensed product and is not to be photocopied
                                        1.1      List of Tables
                                        Table 1:Europe Biofuel Market, Key Drivers ................................................................................... 10
                                        Table 2:Subsidy Cost ($) per ton of CO2 equivalent ........................................................................ 11
                                        Table 3:Biofuel Market, Europe, Mandatory Blending Targets, (%),2009........................................ 11
                                        Table 4:EU, Support for Ethanol and Biodiesel, 2009 ..................................................................... 12
                                        Table 5:Europe Biofuel Market, Key Restraints ............................................................................... 13
                                        Table 6:Biofuel Market, Europe ,Key Challenges ............................................................................ 14
                                        Table 7:Biofuel Market, Europe, Biofuel Production (Mbblpd), 2005–2020 ..................................... 16
                                        Table 8:Biofuel Market, Europe, Biodiesel Production (Mbblpd), 2005–2020 ................................. 18
                                        Table 9:Biofuel Market, Europe, Ethanol Production (Mbblpd), 2005–2020 .................................... 20
                                        Table 10:Biofuel Market, Europe, Country wise Biofuel Production (Mbblpd), 2005–2020 ............. 22
                                        Table 11:Biofuel Market, Europe, Country wise Biodiesel Production (Mbblpd), 2005–2020 ......... 24
                                        Table 12:Biofuel Market, Europe, Country wise Ethanol Production (Mbblpd), 2005–2020 ........... 26
                                        Table 13:Biofuel Market, Europe, Biofuel Consumption (Mbblpd), 2005–2020 ............................... 28
                                        Table 14:Biofuel Market, Europe, Biodiesel Consumption (Mbblpd), 2005–2020 ........................... 29
                                        Table 15:Biofuel Market, Europe, Ethanol Consumption (Mbblpd), 2005–2020 .............................. 31
                                        Table 16:Biofuel Market, Europe, Country wise Biofuel Consumption (Mbblpd), 2005–2020 ......... 33
                                        Table 17:Biofuel Market, Europe, Country wise Biodiesel Consumption (Mbblpd), 2005–2020 ..... 35
                                        Table 18:Biofuel Market, Europe, Country wise Ethanol Consumption (Mbblpd), 2005–2020 ....... 37
                                        Table 19:Rapeseed Production (Million Metric tons), Germany ,2005–2020 .................................. 39
                                        Table 20:Rapeseed Harvested Area (Million acres), Germany ,2005–2020 ................................... 40
                                        Table 21:Rapeseed Producer Prices ($/ metric ton), Germany, 2005–2009 ................................... 41
                                        Table 22:Feedstock Use for Ethanol Production (‘000 Metric tons), Europe, 2009 ......................... 42
                                        Table 23:Wheat Production (Million Metric tons), Germany, 2005–2020 ........................................ 43
                                        Table 24:Wheat Harvested Area (Million acres), Germany ,2005–2020 ......................................... 45
                                        Table 25:Wheat Producer Prices ($/ metric ton), Germany, 2005–2009 ......................................... 46
                                        Table 26:Biofuel Market, Germany, Biofuel Production, (Mbblpd), 2005–2020 ............................... 48
                                        Table 27:Key Biodiesel Plants, Germany, 2009 .............................................................................. 49
                                        Table 28:Biofuel Market , Germany, Biofuel Consumption (Mbblpd), 2005–2009 ........................... 50
                                        Table 29:Major Product and Services, Cargill, 2009 ....................................................................... 55
                                        Table 30:Rapeseed Production (Million Metric tons), France ,2005–2020 ...................................... 59
                                        Table 31:Rapeseed Harvested Area (Million acres), France, 2005–2020 ....................................... 60
                                        Table 32:Rapeseed Producer Prices ($/metric ton), France, 2005–2009........................................ 61
                                        Table 33:Sugar beet Production (Million Metric tons), France, 2005–2020 ..................................... 63
                                        Table 34:Sugar beet Harvested Area (Million acres), France, 2005–2020 ...................................... 64
                                        Table 35:Sugar beet Producer Prices ($/metric ton), France, 2005–2020 ...................................... 65
                                        Table 36:Wheat Production (Million Metric tons), France ,2005–2020 ............................................ 67
                                        Table 37:Wheat Harvested Area (Million acres), France, 2005–2020 ............................................ 69
                                        Table 38:Wheat Producer Prices ($/metric ton), France, 2005–2009 ............................................. 70
                                        Table 39:Biofuel Production, (Mbblpd), France, 2005–2020 ........................................................... 72
                                        Table 40:Key Ethanol Plants, France , 2009 ................................................................................... 73
                                        Table 41:Biofuel Consumption (Mbblpd), France, 2005–2009 ........................................................ 74
                                        Table 42:Ethanol Blending Targets, France, 2009 .......................................................................... 75
                                        Table 43:Ethanol Tax Rebates, France, 2009 ................................................................................. 76
                                        Table 44:Ethanol TGAP Rate (%), France, 2009 ............................................................................ 77
                                        Table 45:Major Product and Services, CropEnergies AG, 2009 ..................................................... 79
                                        Table 46:Major Product and Services , 2009 .................................................................................. 80
                                        Table 47:Rapeseed Production (Metric tons),Italy, 2005–2020 ....................................................... 82
                                        Table 48:Rapeseed Harvested Area (acres), Italy, 2005–2020 ....................................................... 83
				
DOCUMENT INFO
Description: Biofuel Market in Europe to 2020 - Blending Mandates and Tax Incentives Will Accelerate Biofuel Demand in Europe Summary GBI Research’s new report, “Biofuels Market in Europe to 2020 - Blending Mandates and Tax Incentives will accelerate biofuel demand in Europe” provides key information and analysis on the market opportunities in the biofuels market in Europe. The report does a comprehensive evaluation of the market forces influencing the biofuel market. It also focuses on the production and consumption trend of biofuels by their types. The global biofuel industry has been witnessing sustainable growth and developments for the past few years in the backdrop of continued challenges with the availability of fossil fuels and the impact of global warming. Therefore, many economies have turned their attention towards biofuels. Many countries are supporting the biofuel industry in the form of subsidies and tax incentives which keep the biofuel producing companies profitable. The report focuses on the potential development of next generation biofuel and their growth. Many governments have implemented mandatory biofuel blend with the conventional fuel — this has triggered the demand of biofuels in various end user applications. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts. Scope The report analyses market opportunities and key investment areas in the biofuel market. Its scope includes - - Key countries in Europe such as Germany, United Kingdom, Sweden, The Netherlands. - Biofuel production from 2005 to2009, forecast forward for 11 years to 2020. - Biofuel consumption from 2005 to 2009, forecast forward for 11 years to 2020 - Key topics includes: biofuel feedstock and market behavior, regulatory framework including various biofuel standards and various initiatives taken by biofuel companies. Reasons to buy The report w
BUY THIS DOCUMENT NOW PRICE: $3500 100% MONEY BACK GUARANTEED
PARTNER GBI Research
GBI Research is a market-leading provider of business intelligence reports. GBI Research covers worldwide markets and issues, supplies actionable data and forecasts and is driven by industry leaders’ insights. GBI Research provides a broad spectrum of reports across the healthcare and energy industries and its online offering is easy to navigate - a comprehensive resource for business information needs. Headquartered in the UK, the company has branches in the US and Asia, and provides world class client support and service.