HVO100, a biofuel hit for Swedish motorists and hauliers

"The extensive use of HVO shows that the tax exemption has given the desired result. It is very positive" commented Gustav Melin, CEO, Swedish Bioenergy Association (Svebio).

The renewable share of sold transportation fuel in Sweden in October was 20.4 percent on an energy basis, which is a new record. For the year 2016, the share was 18.5 percent. The total share of biodiesel of all diesel also hit a record of 28.2 percent on an energy basis according to an analysis by the Swedish Bioenergy Association (Svebio) of data from Statistics Sweden (SCB).

The extensive use of HVO shows that the tax exemption gave the desired result. It is very positive. The fact that ethanol E85 and FAME are occasionally taxed has resulted in downward sales. This tax will be removed at the turn of the year, which may provide a much-needed lift for these fuels. All renewable fuels are needed for Sweden to have a fossil-free transport sector, a goal that our politicians hope to reach a bit after 2030, commented Gustav Melin, CEO at Svebio.

Read the full pressrelease at bioenergyinternational.com