Finland sets 30% biofuel obligation for 2030
On February 6, 2019, the Finnish Parliament approved a law that sets a gradually increasing 30 percent biofuels target for 2030. Furthermore, the law sets a world-leading advanced biofuels target of 10 percent in 2030. Forest industry major and advanced biofuels producer UPM welcomes the government's ambition.
UPM is a leading producer of advanced biofuels as defined by the EU Renewable Energy Directive, and we consider this move by Finland as a bold step forward in setting concrete measures for transport decarbonisation, said Sari Mannonen, Vice President, UPM Biofuels.
UPM produces wood-based UPM BioVerno renewable diesel at its Lappeenranta Biorefinery in Finland.
UPM is also studying opportunities for growth in the biofuels industry and in October 2018 concluded an environmental impact assessment (EIA) for a potential 500 000 tonne-per-annum biorefinery in Kotka, Finland.
We salute the decision by the Finnish parliament and welcome the fact that many other countries, such as Sweden and Norway, are also walking the talk on climate change mitigation in the transport sector. Transport decarbonisation requires utilization of the whole toolbox – we need all financially and technologically feasible means from sustainable biofuels to electrification and engine efficiency improvements to be deployed, said Marko Janhunen, Director, Public Affairs, UPM.