CONTESSA COMMODITIES

Biofuels such as biodiesel, bioethanol, biomass are liquid or gaseous fuels used for transportation, heating and electricity generation. They can also be blended with fossil fuels such as gasoline and diesel and are commonly advocated as a cost-effective and environmentally benign alternative to petroleum and other fossil fuels, particularly within the context of rising petroleum prices and increased concern over the contributions made by fossil fuels to global warming.

 

Biofuels serve as a renewable alternative to fossil fuels in the EU's transport sector, helping to reduce greenhouse gas emissions. By 2030, the EU aims to increase the share of renewable energy in transport to at least 14%, including a minimum share of 3.5% of advanced biofuels. EU countries are required to set out an obligation on fuel suppliers that ensures the achievement of this target.

 

With Biofuels playing an increasingly important role in developing a sustainable and low carbon economy in the future, Contessa Commodities is an intermediating counterparty in physical biofuels, feedstocks and blending obligation certificates.