Escolar Documentos
Profissional Documentos
Cultura Documentos
Corporate
interests
groups
are
today
driving
agrofuel
policies
all
over
the
world.
However,
the
agrofuel
industry
itself
is
the
result
of
an
artificial
market,
created
by
governments
through
biofuel
targets
and
obligations.
Without
public
incentives
and
subsidies,
most
of
the
agrofuel
industry
would
collapse
because
it
is
not
commercially
viable.
Large
multinational
agrobusiness
companies
The
agrobusiness
multinationals
involved
in
the
agrofuel
industry
are
:
Biotech
research
companies
Apart
from
biotech
research
linked
to
agrofuels
being
done
or
funded
by
several
of
the
agrofuel
and
oil
companies
listed
above,
there
are
also
a
number
of
smaller
biotech
research
and
development
companies
working
on
agrofuels:
-‐
Green
Biologics
Limited
(GBL)
(biobutanol
research);
-‐
TMO
Renewables
Ltd
(cellulosic
ethanol
research
involving
genetically
modified
micro-‐organisms).
Oil
companies
About
NESTE
OIL:
Neste
Oil
has
three
business
areas:
oil
products,
oil
retail
and
renewable
fuels.
It
produces,
refines
and
markets
oil
products
and
shipping
and
engineering
services,
as
well
as
licensing
production
technologies.
Neste
aims
to
be
the
“world's
leading
producer
of
second
generation
biodiesel
fuel.”
From
last
summer
Neste
Oil
has
used
palm
oil
as
the
main
raw
material
of
its
new
biodiesel
fuel.
Neste's
new
facility
in
Porvoo
on
Finland's
south
coast
produces
170,000
tons
of
biodiesel,
out
of
200,000
tonnes
of
raw
material,
plant
and
animal
fats.
The
company
says
that
palm
oil
accounts
for
80%
per
cent
of
the
raw
material.
“As
a
part
of
the
global
combat
against
climate
change,
the
European
Union
has
set
a
target
for
biofuels
to
represent
10
percent
of
road
transport
fuel
consumption
by
2020,
a
target
supported
by
Neste
Oil
and
respected
mainstream
environmental
bodies
including
the
WWF”
(http://www.nesteoil.com/default.asp?path=1;41;540;1259;1260;7439;9204)
But
palm
oil
biodiesel
is
not
a
solution
to
climate
change.
It
actually
makes
the
problem
worse
if
rainforests
are
cut
down
to
grow
the
palm
oil
to
fuel
our
cars.
Boosting
output
at
its
plants
in
Finland,
Singapore
and
the
Netherlands
could
make
the
Finnish
company
the
single
largest
consumer
of
palm
oil
in
the
world,
using
up
1.5m
tons
of
palm
oil
a
year.
Neste
Oil's
expansion
plans
are
a
major
climate
threat
increasing
the
pressure
for
deforestation
in
Southeast
Asia
and
endangering
species
like
the
orang-‐utan.
Indonesia
is
the
third
largest
greenhouse
gas
emitter
in
the
world
with
the
clearing
and
burning
of
rainforests
and
peat
land
in
the
country
to
build
palm
plantations,
and
Neste
oil
is
becoming
one
of
the
biggest
responsible
of
this
matter.
Groups
representing
large
landowners
and
plantation
companies
National
Farmers
Union
of
Scotland
have
been
amongst
the
most
outspoken
lobby
groups
for
agrofuel
expansion.
Both
are
members
of
the
European
association
of
farmers’
groups
COPA-‐
COGECA
which
has
strongly
lobbied
for
EU
agrofuel
support.
A
number
of
companies
involved
in
the
agrofuel
industry
are
also
members
of
European
trade
association
and
lobby
groups
which
lobby
for
strong
EU
support
for
agrofuels.
Those
include
the
EuropaBio,
a
European
biotech
lobby
group,
the
European
Biodiesel
Board,
the
European
Bioethanol
Fuel
Assocation
e-‐Bio,
the
European
Union
of
Ethanol
Producers
(UEPA),
Coceral,
the
European
Biomass
Association
(AEBIOM),
of
which
the
UK’s
Renewable
Energy
Association
is
a
member,
Fediol…
New
dedicated
agrofuel
companies
Apart
from
the
agrobusiness
and
oil
companies
listed
above,
the
following
companies
are
operating
or
investing
in,
building
or
planning
large
biofuel
refineries:
-‐
ABENGOA
are
understood
to
be
amongst
the
top
ten
agrofuel
producers
worldwide.
They
are
a
major
investor
in
second
generation
agrofuel
research
and
have
been
at
the
forefront
of
lobbying
for
agrofuel
expansion
in
Europe.
-‐
ENSUS
GROUP
is
owned
by
private
equity
firms
Carlysle
Group
and
Riverstone
Holdings.
-‐
TESCO
is
currently
the
only
supermarket
which
directly
invests
in
agrofuel
refining,
through
their
25%
shareholding
in
Greenergy
Fuels
Ltd.
-‐
GOES
ON
GREEN
a
company
which
is
receiving
most
of
the
funding
from
Al
Tayyar
(a
'clean
tech
power
and
investment
company'
based
in
Abu
Dhabi)
Car
manufacturers
and
airlines
DaimlerChrysler
and
Volkswagen,
are
investing
in
agrofuel
production
and/or
research
all
over
the
world.
Car
manufacturers
which
have
been
actively
promoting
agrofuel
expansion,
through
lobbying
and
through
promoting
cars
running
on
high
biofuel
blends,
include
Ford,
Peugeot-‐Citroen,
Porsche,
Renault,
Saab,
Vauxhall
and
Volvo.
In
the
EU,
lobbying
by
13
car
manufacturers
including
BMW,
DaimlerChrysler,
Ford,
General
Motors
and
Volkswagen
led
to
the
European
Commission
watering
down
plans
for
higher
fuel
efficiency
standards
and
proposing
that
part
of
the
standard
could
be
met
through
biofuel
use.
Virgin
Atlantics,
Boeing
and
Airbus
are
investing
in
research
and
development
of
agrofuels
for
aviation.
Corporate
funders
(including
venture
capitalists,
hedge
funds,
private
banks
and
development
banks)
Banks
with
major
agrofuel
investment
include
the
Barclays
Bank
and
stockbrokers
HSBC,
Numis
Corporation
and
the
Standard
Chartered
Bank.
Other
banks
that
provide
significant
agrofuel
investment
include
the
ABN
AMRO
Bank
(Netherlands),
AXA
(France),
Commerzbank
(Germany),
Credit
Suisse
(Switzerland),
Deutsche
Bank,
(Germany),
HSH
Nordbank
AG
(Germany),
Natixis
(France),
Rabobank
(Netherlands),
Société
Générale
(France),
UBS
(Switzerland).
Hedge
funds,
private
equity
groups
and
venture
capitalists
have
provided
significant
investment
into
the
agrofuel
industry
worldwide.
One
of
the
investment
banking
firms
that
assist
with
accessing
capital
for
agrofuel
investments
are
Matrix
Biofuels
LLP,
a
subsidiary
of
the
Matrix
Group
which
manages
private
equity
and
hedge
funds.
Other
companies
give
investment
advice
to
agrofuel
firms,
such
as
Alternative
Energy
Finance
and
Deloitte.
Unfortunately
at
present
very
little
information
about
the
investors
behind
the
agrofuel
industry
is
available.