Article

A report from Belgium estimates that the EU will require an investment of $8.86 billion in advanced biofuels by 2040 to meet transport emission reduction targets. It emphasizes the potential for sustainable domestic production and highlights the need for EU-coordinated financial support to develop industrial capacity and mobilize feedstock. To achieve the goals for 2030-2040, a diverse mix of technologies and significant annual funding of €3.8 billion to €7.5 billion for production facilities will be necessary.