The study highlights that biofuels from renewable feedstocks are a solution to help decarbonise transport, contribute to energy security and maintain industrial competitiveness in Europe.
The strategic Study 'Sustainable biofuels as a strategic lever for industrial competitiveness, energy security and decarbonization', produced by TEHA Group together with Eni, was presented at the Cernobbio Forum organised by TEHA.
Since the Green Deal was conceived, the global energy scenario has changed radically: the crises of recent years have shown that dependencies on technologies, raw materials and production capacity can have systemic impacts, potentially dangerous for Europe’s energy security. This is the starting point of the Study, which identifies biofuels from renewable feedstocks, such as HVO (Hydrogenated Vegetable Oil) and SAF (Sustainable Aviation Fuel), as an already available solution to diversify supplies, reduce GHG emissions along the value chain and preserve the industrial capacity and skills of European countries.
'Europe must avoid repeating the mistakes of the past. A transition that replaces one dependency with another does not strengthen the continent, it merely shifts its vulnerability. Biofuels represent a concrete lever for decarbonising transport, as well as for diversification, security and industrial policy. It is necessary to move beyond a predominantly regulatory approach and adopt a more pragmatic and industrial vision, aware of the new geopolitical risks', said Valerio De Molli, Managing Partner and CEO of TEHA Group.
'One of the main challenges for Europe is to combine the energy transition with industrial competitiveness and with economic and social sustainability. In this context, biofuels represent an immediately available solution to reduce emissions from the transport sector along the entire value chain, since they are widely available, can be distributed through existing infrastructure and can be used in most of the diesel engines currently on the road. Biofuels are a solution complementary to other energy carriers, which also makes it possible to strengthen both energy security and European industrial competitiveness. Eni’s experience shows how technological innovation, together with the enhancement of industrial and professional skills, can drive transformation processes capable of generating value, employment and sustainable development, while at the same time supporting Europe’s competitiveness', said Stefano Ballista, CEO of Enilive.
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Source: Eni
