2008-07-08 09:08:29 -

The debate in the European Union on crucial legislation for the biofuel industry is entering a decisive phase. A number of sensitive issues still need to be resolved. Putting aside all the nitty-gritty there are 2 major items left, according to eBIO, which are the most political sensitive and difficult ones: sustainability criteria for biofuels and the binding nature as

well as the level of the transport target (10% as proposed by the European Commission).

eBIO provides an assessment of what could be the final outcome on these issues, including a higher GHG savings requirement, social criteria for biofuels production, land use change and CO2 bonuses, changing from 10% biofuels-only to 10% renewable fuels and other possible outcomes.

If everything goes according to planning Europe should have a new legal framework for biofuels by March 2009 at the latest, according to eBIO.

Click on the link below to read eBIO´s full market commentary at Ethanol Statistics

www.ethanolstatistics.com/Market_Commentary/eBIO/Decisionmaking_ ..