UPM-Biofore-Magazine-1-2014-EN

Potential CO ² savings could range from 60% to 85%.

even if they would not use rawmaterials suitable for food. “It’s fair to say that because of the first gener- ation biofuels there’s a lot of backlash now. But I don’t think that has to be inherited by an advanced industry," Malins says. “With advanced biofuels there’s an oppor- tunity for companies not just to profit, but to create more jobs, to pushmore money to the rural economy without doing it through high food prices. Withmore of a focus on these resources, which are underutilised and low value at the moment, it can be muchmore of a win-win proposition.” Advanced biofuels are still very much in the early stages and people have different views and even definitions for them. “I think the ball is still pretty much in play on advanced biofuels,” he says. Long and winding road ahead Despite all the promise that can be seen, it’s not only smooth driving in the future. In Europe, technology is nowmature enough to enable us to start the production of advanced biofuels. Still, uncertainty around biofuel policy past 2020 is slowing down the sector from reaching its full potential. Another big question, especially for smaller entries to the market, is financing. “Big companies, that have the capacity to invest internally, have a real advantage. Still everyone’s going to have to justify quite signifi- cant capital expenditures. “So, the real challenge is having a combination of policy measures and support that gives confi-

The transport sector is on its way to becoming the EU’s biggest source of CO ² by 2030. In 2030 about 220 million tonnes of cellulosic material could be available annually.

22 | BIOFORE