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ALL YOU NEED TO KNOW ABOUT THE EUROPEAN ENERGY DIRECTIVE




Due to the growing issue of global climate change and an ever decreasing supply of fossil fuels, The EU has put in place the biggest law change in the history of the fuel industry which comes into effect in just two years’ time. The EU Renewable Energy Directive states that ALL EU member states must fulfil at least 20% of its total energy needs from renewables, such as biomass wood pellets, by 2020. 

Along with this, they have also stated that at least 10% of all transport fuels come from renewables by this time as well. 

This is by far the biggest and most positive step against global warming and climate change in a very long time and they aren’t stopping there, by 2030 this figure of 20% will rise to 27% to further establish the EU as one of the global leaders in the renewable energy market. For more information on the EU energy directive please see the link below which will take you directly to the European Commission website.

https://ec.europa.eu/energy/en/topics/renewable-energy/renewable-energy-directive

Due to the impending restrictions on the use of fossil fuels, people are having to look closely at renewables and one of the top renewables are Biomass Wood Pellets. The environmental case for wood pellets and other renewable energy sources is well known but not as well-known as the financial case for renewable energies. Over the last 10 years, huge improvements in the efficiencies have been made in the production of biomass, wind and solar. With the costs of renewables becoming significantly cheaper than traditional fossil fuels. 

“As biomass takes off, a new global trade in wood pellets is taking shape with Europe emerging as the world’s largest importer”
-The Financial Times

Currently, the EU imports in excess of 60% of its biomass from outside of Europe from places such as North and South America and this will only continue to grow with the European Directive coming into force in 2020. This means that there is a demand for companies inside of the EU, like EcoCrops International, to meet some of this demand. 

We at EcoCrops have strategically located our forestry plantations within the EU which means that once we turn the timber into Biomass Wood Pellets they are easily transported to other EU countries. Along with that, there are no import or export taxes on the wood pellets which in turn means our investors see a higher return on their capital with returns exceeding 20%pa compounded over a 4 year period.
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