EC supports biofuel production in Romania with EUR 500 million

The European Commission has approved a EUR 500 million (RON 2,5 billion) Romanian scheme to support investments in new production capacities of biofuels. The scheme was approved under the State aid Temporary Crisis and Transition Framework (TCTF).

Under the scheme, which Romania intends to finance through the EU Modernisation Fund, the aid will take form of direct grants. The measure will support investments in new production capacities of targeted advanced biofuels, namely bioethanol, sustainable aviation fuel and hydrotreated vegetable oil. By supporting advanced biofuels, the measure will bring significant reductions in greenhouse gas emissions, while limiting the impact on agriculture compared to conventional biofuels produced from food crops.