Bloomberg News

Europe to Double Sugar-Beet Use in Bioethanol, Nordzucker Says

March 02, 2012

The European Union will double annual production of bioethanol made from domestic sugar beets to about 4 billion liters in six to eight years, according to Nordzucker AG.

The EU’s production of bioethanol from sugar-beets is about 2 billion liters a year currently, said Klaus Schumacher, vice president of economics and communications at sugar producer Nordzucker, today at the CIS Sugar Market 2012 conference in Moscow.

Nations in the region use about 20 billion liters of biofuels made from various renewable sources, with a target to increase that amount to as much as 37 billion liters by 2020, Schumacher said, citing forecasts by the European Commission.

“We see that a growing share of sugar-beets will be used in future for the production of ethanol,” Schumacher said. The EU targets to have 10 percent of its fuel used in the transportation industry to come from renewable energy sources by 2020, he said at the conference.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: John Deane at jdeane3@bloomberg.net


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