![]() ![]() Traditional hydrocarbon players have little choice but to get on board and demonstrate to increasingly demanding shareholders that they are proactively investing money and effort into the energy transition. As a result, these agri players are now formalising the way they trade what were considered by-products – distillers corn oil being a prime example. This will have a knock-on effect particularly with the ABCD firms as, for the most part, they do not have the necessary familiarity with waste products. Part of the package is a proposal that there be an exemption to the tabled jet fuel tax if run purely on advanced biofuels and e-kerosene rather than vegetable oils. The main proposals include a revamp of the bloc’s emission trading scheme, under which companies are charged for the carbon dioxide they emit, as well as the introduction of taxes on shipping and aviation fuels and the effective phasing out of gasoline and diesel fueled cars by 2035. The European Union unveiled on 14 July its ‘Fit for 55’ package of climate and energy laws with a view to cutting emissions by 55% by 2030. Most are opting for market-based systems such as ‘cap-and-trade’ that set increasingly strict limits on pollution but let companies buy and sell emission allowances. ![]() Governments around the world are getting tougher on emissions, implementing carrot and stick legislation that will drive greater demand for biofuels and other renewable energy sources. But with experienced professionals almost non-existent, employers are struggling to hire talent and are prepared to pay a premium. As a result, the biofuels space is rapidly expanding, creating demand for talent to source and trade both feedstocks and end-products. Some waste-grade feedstocks like used cooking oil or tallow can also be used to produce alternative biofuels with a low carbon footprint. In this first installment of a new series looking at transition fuels, Laura Berger, Director - Liquid Fuels EMEA, and Jamie Tranter, Director - Liquid Fuels Americas, explore the sub-industry forming around biofuels and the effect it is having on talent.īiofuels (ethanol and biodiesel) can be produced from agricultural goods such as corn, wheat, vegetable oils, or other agricultural commodities and traded globally for use as auto or aviation fuel in a similar way to their dirtier predecessors. As a result of regulatory changes associated with global climate change initiatives, energy majors and commodity traders are jostling to invest in carbon-neutral alternatives like biofuels. ![]()
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