Lubricity Improvers for Biodiesel: Extending Engine Life in European Fleets
The Europe Biodiesel Fuel Additive Market is fundamentally a policy-driven market, with the regulatory framework set by the European Union serving as its central engine. The EU's Renewable Energy Directive (RED), particularly its latest iteration, has been a game-changer for the industry. This directive sets binding targets for renewable energy use in the transport sector, which directly increases the demand for biofuels. The regulations are not static; they are continuously evolving to promote a greener and more sustainable biofuel industry. For instance, the regulations have introduced a complex system of "double counting" for biofuels produced from specific waste-based feedstocks, such as used cooking oil and animal fats. This incentivizes the use of these advanced biofuels over traditional crop-based fuels, which has a ripple effect on the entire market. It creates a growing demand for additives tailored to these advanced biofuels, which can have different chemical compositions and performance characteristics.
The regulatory…