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Dutch renewable fuel credits bookings down on the year

  • Märkte: Biofuels
  • 08.07.25

Dutch fuel suppliers booked 840,000 of 2025 renewable fuel units (HBEs) into the Energy for Transport Register (REV) by 1 July, down by 39pc from the same time in 2024, according to the Netherlands Emissions Authority (Nea).

Each gigajoule of renewable energy that is physically delivered into the Dutch transport sector generates one HBE. The renewable energy share target for the 2025 compliance year is 29.4pc, up from 28.4pc in 2024. Obligated parties will have to surrender their HBEs on 30 April to comply with the blending mandate.

The REV's quarterly snapshot of the registry shows fewer HBEs generated from waste (HBE-Gs and -IXBs) and crop (HBE-Cs) but an increase in electricity (HBE-Os). HBE-Gs and -IXBs are generated by fuels from waste feedstocks identified under RED III, under Annex IX part A or part B, respectively.

No bookings have yet been made for deliveries to maritime shipping, inland shipping or aviation in 2025. So far, all HBEs for 2025 have been credited for other transport destinations.

In the Netherlands, diesel suppliers typically blend used cooking oil methyl ester (Ucome) and hydrotreated vegetable oil (HVO) into their fuel mix, while gasoline suppliers tend to blend conventional, or crop-based, ethanol into their fuel mix. Recently, more ethanol producers have switched from conventional to advanced ethanol production, supplying the market with more HBE-Gs instead of HBE-Cs. This has led to a shrinking spread between the ticket categories. Last week, the discount of -Cs to -Gs narrowed to €0.38/GJ, down from €0.85/GJ last Friday, largely attributed to Europe's currently ample supplies of advanced ethanol and tighter availability of single-counting ethanol.

In June, the annual obligation for 2026 and beyond was re-established as part of the implementation of RED III and the HBE scheme will be replaced by so-called emission reduction units (EREs) from 2026.

Available HBEs for 2025 - as of 1 Julymn HBE
2025 bookingsTotal 2024 carryover2024 bookingsTotal 2023 carryoverBookings ±% from 2024Carryover ±% from 2023
HBE-G0.343.120.6411.67-47%-73%
HBE-IXB0.150.120.460.62-67%-81%
HBE-O0.330.160.200.3065%-47%
HBE-C0.010.510.051.20-80%-58%
Total
0.833.911.3513.79-39%-72%

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