Europe needs to meet the agreements of the Paris treaty and it wants to be carbon neutral in 2050. In July 2020 the EU agreed on a 750 billion Euro support package, the green deal, to recover from the covid crisis. 30% of these funds need to be spend on investments for the energy transition.
On July 2021 the European Commission presented the “Fit for 55”package that will enable the EU to reduce its net greenhouse gas emissions by at least 55% by 2023 compared to 1990 levels and achieve climate neutrality in 2050.
In the spring of 2023 the EU has announced green-house gas reduction targets and legislation for the maritime and aviation industry. This will lead to additional volume demand of advanced feedstocks.
The Renewable Energy Directive II (RED II) and the coming revision into the RED III will boost the mandated volumes for advanced biofuels tremendously.
The key challenge in the coming decade will be the development of sustainable feedstock sources that provide high GHG savings, low ILUC risk, improved biodiversity and positive development opportunities for rural communities.
Today only 10% of all feedstock for the chemical industry is based on renewable feedstocks. Raw materials from Natural Based Solutions like vegetable oils and pine tree resins have been around for decades. These materials have always had strong competition from fossil based chemistry and
lost ground. But today’s green wave of activities and policies reverse that negative trend.
Dutch Mountain develops and market products from natural resources which are used as feedstock for the production of chemicals and biofuels.