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| Countries covered: Finland The biofuels market in Finland is in a nascent stage with strong potential for growth in the future. Government initiatives and the large demand for green fuel are expected to attract investments in the sector. The country has a large untapped resource base. In order to meet renewable energy targets, implementation of certain policies have been forecasted. This is expected to boost the market. The report begins with an introduction of the biofuels market in the European Union (EU) indicating the segmented use of various biofuels, total import-export and consumption levels. It also includes the major policies forwarded towards developing the biofuels market in the EU. An overview of the energy market in Finland has been provided followed by an analysis of the biofuels market. Details regarding the production levels of major biofuels as well as the total bioenergy levels have been proffered. This section also includes data regarding the major energy sources in the country, the level of energy consumption by sector and the sources contributing to electricity production. The characteristics of the market have been analyzed and include - large forests which provide raw materials for biofuels, usage of forest land to develop energy crops, biofuels dominated by high levels of imports, usage of biofuels as a route to reduce CO2 emissions, expected direct benefits to green car owners, policies towards mandatory sale of biofuels and reduction in dependency on oil. The major government programmes and investments towards the development of the industry have been discussed including the climate and energy policy and the expected introduction of feed-in-tariff for biogas generation as well as various research and development projects carried out by TEKES and VTT Technical Research Centre and other government bodies. Competition section profiles the major players in the market. The section contains a snapshot of the corporations’ financial performance and business highlights, providing an insight into the existing competitive scenario. |
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