“Advanced Biofuels are the fast-track option to developing Europe’s bioeconomy and supporting transport decarbonization”, states UPM’s Marko Janhunen who continues as the Chair of Leaders of Sustainable Biofuels (LSB)
Leaders of Sustainable Biofuels held its Annual Meeting in Brussels on June 5th, 2018 where representatives of 13 leading advanced biofuels companies gathered to discuss the status of policy developments and the state of play in the industry. Members unanimously re-elected Marko Janhunen, Director, Public Affairs of UPM as Chair of LSB for the upcoming year.
LSB was founded in 2012 to promote the uptake of advanced biofuels, and to support specific mandate for advanced biofuels in EU legislation.
“We welcome the fact that in the past years, advanced biofuels have been recognized as a fast-track option to decarbonize transport. At this very moment many countries are looking to outline their strategy for reaching the decarbonization targets set out by the Paris climate agreement and advanced biofuels can play a significant role in that”, states Marko Janhunen.
LSB welcomes the current policy discussions on RED2 and the proposed specific mandate for advanced biofuels, based on Annex IX part A. LSB considers such a measure necessary to create investor security, and to unleash the potential of the sector.
LSB’s members are committed to making a significant contribution to meeting the EU’s ambitions of decarbonizing the transport sector. Advanced biofuels bring multiple benefits in terms of CO2 reduction, investments, revenues for farmers and forestry, improved waste management practices, job creation and an increase in energy security.
Leaders of Sustainable Biofuels
LSB is a coalition of 13 leading advanced biofuel technology developers and producers committed to making a significant contribution to meeting the EU ambitions of decarbonizing the transport sector. Sustainable advanced biofuels are a fast track solution for decarbonizing transport. Advanced biofuels bring multiple benefits in terms of CO2 reduction, investments, revenues for farmers and forestry, improved waste management practices, job creation and an increase in energy security.
UPM leads the forest-based bioindustry into a sustainable, innovation-driven and exciting future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Paper ENA and UPM Plywood. UPM provides sustainable and safe solutions to the growing global consumer demand. Products are made of renewable and recyclable materials. The group employs around 19,100 people worldwide and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM – The Biofore Company – www.upm.com
UPM plans to become a major player in high quality, advanced biofuels for transport. Biofuels are an essential part of the Biofore strategy. The innovative wood-based biofuels developed by the company and their production technologies are part of a sustainable future. UPM’s biofuels are frontrunners in quality, usability and sustainability. They will significantly decrease greenhouse gas and tailpipe emissions compared to fossil fuels. www.upmbiofuels.com