Renewable accountability

The renewable energy market is increasingly important for European companies, especially as they review climate change regulations. Most recently, the German authorities have taken the lead in environmental action, with their renewable energy sources mainly powered by wind, solar and biomass, covering 40% of total national consumption by the first quarter of 2021.

Many listed European companies are adopting very specific environmental, social and corporate governance principles, as well as RED II principles, to really help measure the sustainability and societal impact of investments. In line with the RED II proposal to set a policy measure to achieve a 27% share of renewables in the energy consumed by the electricity, heating and cooling, and transport sectors by 2030.
With regard to the sources of production or transport of renewables, located in North West Europe, a split can be drawn between production centres, mainly in the ARA centre, Ghent, Dunkirk, Delfzijl, Brunsbüttel, most of which have access by tanker or barge, and demand or export centres in the same region, inland.The EU’s renewable fuel supply environment will look significantly different at the end of 2024, when Shell plans to complete one of Europe’s largest biofuel facilities in Rotterdam. The refinery will produce low-carbon fuels, such as renewable diesel, from waste in the form of used cooking oil, waste animal fats and other industrial and agricultural residues, using advanced technology developed by Shell, producing 820,000 tonnes of renewable diesel per year. Several other large facilities and expansions have been announced, such as Neste, which may choose Rotterdam as the site of its next global renewable products refinery, with a capacity to produce 500,000 tonnes of renewable diesel per year.Let’s stop talking and start acting. Let’s focus on what will better protect the environment and let’s work on this famous energy transition. In a concrete way. In 2018, Riverlake‘s renewable activity in inland transportation was anecdotal. In 2019, 30% of our business was renewables. Then 52% in 2020 and this year we already know that we will be over 70%. Actions, not words, not greenwashing. This is Riverlake.

Riverlake is Europe’s leading river barge brokerage company.

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