Waste-based feedstock and biodiesel market in the EU: how new regulations may influence the market - Greenea
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T. +33 (0)5 79 97 97 50 7th Annual
WWW.GREENEA.COM PLATTS GENEVA
YOUR BROKER FOR
contact@greenea.com WASTE-BASED FEEDSTOCK AND BIODIESEL BIOFUELS CONFERENCE
April 26, 2018
Waste-based feedstock and biodiesel market in the EU:
how new regulations may influence the market
WASTE-BASED FEEDSTOCK AND BIODIESEL MARKET
Demand for DC biodiesel keeps
growing due to increasing mandates
THEORETICAL WASTE-BASED BIODIESEL
DEMAND IN EUROPE THEORETICAL UCOME DEMAND AND PRODUCTION IN
EUROPE IN 2018 (EST.)
+22%
2.400.000
4.000.000
+11%
3.290.000
29% 700.000
2.960.000 Of UCOME demand in 1.700.000
the EU in 2018 should to
be imported if the
demand reaches
2.400.000 2,400,000. We estimate
2.000.000
the potential import
around 500,000 MT.
510.000
550.000
In kT 450.000 340.000 In MT
UCOME
2017 2018 (est.) 2020 (est.) TME UCOME UCOME import UCOME demand
PFAD and acid oil ME production
Total
3
China becomes key supplier for the EU
– risk or opportunity?
UCO AND UCOME IMPORT FROM CHINA
UCO SUPPLY AND DEMAND IN THE EU
+523%
1.700.000
244.322
EU needs to import
around 50% of its
demand!
850.000
30% +137%
Of UCO imported to 152.021
the EU in 2017 came
850.000
from China!
64.274
39.218
2016
In MT 2017
UCO UCOME
In MT Europe increasingly relies on China for their UCO
UCO resources Necessary import UCO demand supply, which may be a risky strategy in case the
in the EU in 2018 (Est.) country decides to use the oil locally, for example.
4
What happened on the market in
the last months?
SME IMPORT: ARGENTINA TO EU FAME 0°C PRICE FALL STRENGTHENING OF EURO / USD PME IMPORT: INDONESIA TO EU
200
200 920 1,26 1.200 1.100 1,0
164 900 0,9
1,24 1.000
880 0,8
150 135
?
0,7
860 1,22 800
0,6
840
100 1,20 600 0,5
820
0,4
60 800 1,18 400
0,3
50 780
30 0,2
1,16 200
760 0,1
0 0 0 0 0 0 0
0 740 1,14 0 0,0
Jan- Apr- Jul- Oct- In kT 01/09/17 01/11/17 01/01/18 01/03/18 01/05/18 01/09/17 01/11/17 01/01/18 01/03/18 01/05/18 In kT 2012 2018
17 17 17 17
USD per MT
In Q1 2018, EU imported around Reopening of the EU market to Since November 2017, the Euro Starting from March 16, 2018,
300,000 MT of SME from Argentinian SME and Indonesian has been continuously Europe reopened its doors to
Argentina. PME, falling prices of veg-oil strengthening against the USD. PME imports from Indonesia.
complex and good crop
However, the EU reopened the projections for 2018 are This helped to limit the fall in Will the imports go up to the
investigation of possible subsidies weighting on the prices of FAME prices on the UCO and UCOME volumes from 2012?
for Argentinian producers 0°C. import market.
following a claim by EBB.
5
Back to high competition from 2012
BIODIESEL IMPORT TO EU POTENCIAL SCENARIO OF BIODIESEL IMPORT TO EU
2.640.000 BIODIESEL TRADE ROUTES IN 2018 2.180.000
CHINA
300,000 MT HK + TAIWAN
100,000 MT ?
KOREA
50,000 MT
INDIA MALAYSIA
50,000 MT 380,000 MT
400.000
INDONESIA
ARGENTINA 500,000 MT
In MT 800,000 MT In MT
2012 2013 - 2018 (Est.)
2017 avg.
per year
6Advanced biofuels: regulation vs. reality
The EU is committed to developing new technologies and new types of renewable feedstock in
order to reduce the use of crop-based biofuels. However, not all feedstock types included in RED II
proposal are equally available.
CRUDE GLYCERINE TALL OIL
Glycerine is a by-product thus its supply does not depend on It is a by-product of paper industry. It is already being used for
the demand, which is already high. No additional volumes of HVO production on a commercial scale but resources are still
the product are available. It is interesting for biomethanol available, especially in the Nordic countries.
production but the market is currently dominated by one
player only.
POME SEWAGE SLUDGE
POME is a residue of palm oil production, thus, it is feedstock One of the most interesting feedstock types in the terms of
that needs to be imported. Wouldn’t it be better to promote availability and local impact. However, the feedstock quality is
local feedstock types instead? low and the biodiesel production process is very costly.
ALGAE SPENT BLEACHING EARTH
Cultivation of such feedstock types as algae is only at the early Also a by-product, thus without the possibility to influence
stages of development and the supply is currently marginal. the supply.
7Market challenges in the next few years
Imports of SME
and PME to the
EU will challenge
Development of the local producers; Mandate increase
HVO sector as more new barriers in Holland and in
players join the might be set up the UK;
market introduction of DC
in Spain
Finding replacement
feedstock in case
What will next years Development of new
palm oil is banned
advanced feedstock
in the EU after 2021 bring? types from RED II
Increasing
production of Possible trade war
UCOME in Asia: between USA and
less UCO available Implementation China could
for export of B5 mandate in influence veg-oil
China could limit and biodiesel prices
the biodiesel
export
8WHY GREENEA?
What do we do at Greenea?
BROKERAGE CONSULTING
10 YEARS OF EXPERIENCE CONSULTING SERVICES
ON THE BIOENERGY MARKET FOR THE WASTE-BASED MARKET
As a pioneer on the market of waste-based Personalised approach to every mission! Thanks
feedstock and biodiesel, we have a privileged to our knowledge of the market and our expertise
contact with a vast number of suppliers: biodiesel (preparation of development strategies, pricing,
producers, refiners, electricity suppliers and etc.) we offer efficient solutions cut-out to match
biomass traders. a given issue.
10Products we cover
WASTE-BASED PRODUCTS CONVENTIONAL PRODUCTS
• Used cooking oil • Rapeseed oil
• Animal fat cat 1 and 2 • Soybean oil
• Animal fat cat 3 • Palm oil
FEEDSTOCK
• Fatty acids and acid oil • Refined palm oil
• Palm oil mill effluent (POME)
WASTE-BASED PRODUCTS CONVENTIONAL PRODUCTS ADVANCED PRODUCTS
• UCOME biodiesel • FAME 0°C • HVO
• TME biodiesel • RME • Cellulosic ethanol
• POME biodiesel • SME
• PME
BIOFUELS
• Ethanol
WASTE-BASED PRODUCTS CONVENTIONAL PRODUCTS
• Crude glycerin • 80% Kosher glycerin
• Refined glycerin • Refined pharma glycerin
• Bio-heating oil
BY-PRODUCTS
11With whom do we work?
WE ARE ACTIVE IN 50 COUNTRIES AROUND THE WORLD
UCO BIOGAS
COLLECTORS PRODUCERS
TRADERS
ANIMAL FAT
PRODUCERS
BIOMASS
PRODUCERS
BIODIESEL
AND ETHANOL
PRODUCERS
HVO
FUEL PRODUCERS
DISTRUBUTORS RENEWABLE
ENERGY
PRODUCERS
12Contact details and disclaimer
Name Phone Mail
Fabien Hillairet +33 5 79 97 97 51 fabien.hillairet@greenea.com
Victor Allemandou +33 5 79 97 97 52 victor.allemandou@greenea.com
Katarzyna Golab +33 5 79 97 97 53 katarzyna.golab@greenea.com
Arthur Limouzy +33 5 79 97 97 54 arthur.limouzy@greenea.com
Disclaimer
The information presented in this document is provided for informational and demonstrational purposes only. The data is purely indicative and gives no
warranty of prices at which transactions may be affected at any time. To the maximum extent permitted by law, no responsibility or liability for the accuracy,
quality, correctness or comprehensiveness of the data will be accepted by GREENEA whether arising from the negligence or otherwise. GREENEA shall in no
circumstances be liable for economic loss or any indirect or consequential loss or damages arising from the use of this data.
13Your broker for waste-based feedstock
www.greenea.com & biodiesel
www.greenea.asia
GREENEA GREENEA
5 chemin des Perrières Francouzská 4
17330 Coivert, France 120 00 Prague, Czech Republic
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