It may seem that palm oil is a good alternative but it’s not that black and white.

Studies have suggested that palm oil biodiesel produces three times as much carbon than fossil fuels.

Palm oil causes high rates of deforestation in Southeast Asia and South America, causing a negative impact on animals, biodiversity and ecosystems.

Imports of biofuel-designated palm oil from Southeast Asia to Europe grew nearly 400% between 2008 and 2018 however, the EU has implemented measures to phase out palm oil use in biofuels by 2030 due to the huge sustainability concerns.

bp

bp, a global energy company, is investing in biofuels in hopes to transition to cleaner, sustainable energy sources.

HVO is being used for bioenergy by bp, proving to be:

• Produced from renewable, waste-derived feedstocks
• Reducing CO₂ emissions by 85% compared to fossil diesel
• Versatile as can be used as a diesel replacement in many existing vehicles

The company has committed to investing US$10m to WasteFuel, a company that converts biobase waste into carbon fuels and considers bioenergy to be one out of five of its growth engines for the future.