The introduction of the RTFO will facilitate the establishment of an indigenous UK bioethanol industry by obliging the oil companies to sell an increasing proportion of biofuels, leading to significant cuts in CO2 emissions from transport - the sector with the poorest record in this field. Bioethanol provides a significant opportunity to help the Government meet climate change targets to reduce carbon emissions. The establishment of a UK bioethanol industry could also help to secure or create up to 10,000 jobs.
Mark Carr, British Sugar’s CEO, commented “We are delighted that the Government has decided to introduce the RTFO. The RTFO will offer significant support to the bioethanol industry which presents a real opportunity for the UK to make an impact on reducing road transport carbon emissions. We are very pleased that the Government has taken this step to enable the UK biofuels market to develop.