Spain consumed 1.16 million mt of biofuels in 2014, a rise of 6.6% compared with the prior year but far short of the record 2.46 million mt used in 2012, according to data released this week by CORES, the Spanish oil statistical agency.
Demand was boosted compared with the previous year by an upturn in road fuel demand, as well as by a desire to store sustainability certificates ahead of a possible transition to the Renewable Energy Directive for biofuels this year, market sources said.
The largest gain was seen in biodiesel, which saw 885,517 mt consumed over the year, a 7.4% rise.
This was helped by a 2% gain in diesel consumption to 20.932 million mt, although the incorporation rate of biodiesel also rose by 0.21 percentage point to 4.23%.
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