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Ukraine will set minimum quotas for biofuels


In Parliament registered a draft law on development of the market of liquid biofuels in Ukraine

Ukraine will set minimum quotas for biofuels

Gosenergoeffektivnosti with Minamaneho registered in the Verkhovna Rada of Ukraine the draft law on increasing the share of biofuels share in gasoline sales to 6.9% by 2025. As reported in the press service of the Saee, the purpose of the bill is the creation of an effective legislative base for the development of a competitive market and use of bioethanol and biocomponents.

"This is an important step towards the substitution of oil and petroleum products, import of which in 2018 amounted to $ 5.5 billion, which exceeds the amount of funds spent on gas imports in 2018 ($3.9 billion)", - stated in the message.

the Bill provides for the establishment of a compulsory share of liquid biofuels in total annual sales of petrol:

  • from 1 January 2021 - less than 3.4 percent of energy;
    • on January 1, 2023 - not less than 4.8 per cent of energy;
      • from 1 January 2025 - at least the energy of 6.9 percent.

      in addition, there will be liability for failure to comply with quotas and requirements to comply with sustainability criteria for biofuels.

      At the same time, technical specifications, fuel biocomponents have to meet the European standards, said the Agency.

      overall, the adoption of the bill, according to the Saee, will allow you to:

      • to attract investment in the production of liquid biofuels;
        • to encourage the construction of new capacities for the production of bioethanol;
          • intensify agricultural holdings and alcohol plants for the production of liquid biofuels;
            • create new jobs;
              • to increase the level of congestion distilleries and production capacity in the related fields;
                • increase tax revenues to the budgets of different levels.
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