With Europe’s deepening commitment to decarbonizing the energy it uses — and to weaning itself off Russian imports — comes a desperate need to replace its fossil fuel habit with green alternatives.
As 70% of the EU’s energy use is still met by fossil fuels, industrial users are switching to cleaner substitutes. These include biofuels or sustainable aviation fuels, but increasingly also clean hydrogen, green ammonia and methanol.
Just like their dirty predecessors, much of this clean fuel will also have to be imported into the continent. The need to transport, store and distribute low-carbon fuels has opened a new line of business for companies involved across the downstream energy market.
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