Rentability of Biodiesel Plant in Germany

Scientific Study from the year 2009 in the subject Environmental Sciences, , language: English, abstract: Market OverviewFacing the obvious need to switch from fossil fuels, which are limited in their availability, to environmentally friendly and substitutive energy sources, both the national government and the European Union are promoting alternative fuels like biodiesel, bioethanol or biogas. The creation of a common European standard, tax incentives, the opening of new distribution channels and the provision of cultivation related premiums are paving the way for the establishment of a strongly growing market for biofuels. Biodiesel is the most frequently used alternative fuel in Germany. Its market volume has steadily increased with double-digit growth rates over the last couple of years. Sales of biodiesel increased from 2004 to 2007 approx by a massive 280% and reached a new peak of 3.32 million tons. It is currently the best-known alternative fuel for the fossil diesel in Germany. In 2007, around 72 percent of the total biofuels in Germany was biodiesel.