Biodiesel Demand on the Rise

Europe will consume about 20m tonnes a year of renewable biodiesel by 2020 due to stricter regulations driving up demand for the ‘greener’ product, says Matti Lievonen, president and chief executive officer for Neste, a leading producer of biodiesel. “Renewable energy will also very much be in demand in Asia. Based on an anticipated population increase of one billion by 2030, there will be a 50% increase in energy demand especially in the areas of biofuels, solar and wind energy.”

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