The report, The Role of Biofuels Beyond 2020, commissioned by BP, found that biofuels will become a vital part of energy policy because the vehicle market will still be dominated by internal combustion engines until at least 2030.
Looking at biofuel blending at a low, medium or high level, the report found that medium blending would result in a 9 % reduction in emissions by 2030 compared to the baseline, while a high level would lead to a cut of 27 %.
Element Energy says that biofuel blending would cost consumers an average £13 more in comparison to a £195 annualised cost for buying an electric vehicle. When widened to the entire UK, biofuels would cost £336 million compared to £1.2 billion for electric vehicles up until 2030, a rather good saving.
Follow the developments within biorefining. hveiti regularly informs about our efforts to improve the environment.
Hveiti | info@hveiti.dk |
Kystvej 26 | CVR/se: 30899059 |
DK-8500 Grenaa |
Copyright © 2011 | Hveiti | Design Rabotnik