European Union Sets Target for Biofuels

August 6, 2003[] The European Union (EU) recently set forth official targets for biofuels use by member countries. The targets are not mandatory, but the EU governing body has said it may revisit the issue of mandatory goals depending on the progress made under the voluntary program. The EU targeted 2 percent biofuels use by the end of 2005 and 5.75 percent biofuels penetration by the end of 2010. According to Tom Pekich, Group Vice President of Bioproducts for Genencor International, the ethanol market is gaining momentum worldwide and this Directive will help accelerate it in Europe where the market is just now starting to emerge. Genencor develops enzyme systems for the conversion of biomass to ethanol.
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