The new report, Wasted: Europe’s Untapped Resource, unveils the great employment potential of the advanced biofuel industry.
David Turley, Lead Consultant for the National Non-Food Crops Centre (NNFCC), led the economic analysis of the research concentrating on the employment possibilities of advanced biofuels.
Based on the calculations, if investors realised the maximum technical potential of advanced biofuels derived from such feedstock, up to EUR 15 billion annually could flow into Europe’s rural economy. This would mean that the industry at full capacity could create up to 300,000 jobs by 2030.
The industry at full capacity could create up to 300,000 jobs by 2030.
New jobs related to feedstock collection
According to Turley, up to 133,000 permanent jobs could be created in feedstock collection and transport. On top of that a further 162,000 temporary workers would be needed to construct biofuel plants and another 13,000 permanent jobs would be needed to operate these plants.
The employment estimates only show the direct jobs from feedstock collection, transport and processing. Additionally, there would be further indirect employment through machinery and fuel suppliers as well as other industries, which would make a much larger overall impact in the European Union.
“Even with more conservative sourcing, reflecting capacity for production of 2% of Europe’s transport fuel demand, over 40,000 jobs and up to EUR 2.4 billion in net revenues could be secured by the agricultural and forestry sectors,” Turley says.
Text Antti Ylitalo
Photography Miquel Gonzalez