Michael Carus: How has the environment for the Renewable Carbon Economy evolved during the Corona pandemic, climate change and GreenDeal, and the Ukraine war? (in terms of demand and investment)
Francesco Montecchio: We see an increase in demand and investments in the recent years. Starting from the first EU circular economy action plan in 2015, renewable carbon has received a growing attention, with investments especially in renewable fuels and bio-based chemicals. We expect this trend to continue for the coming years, making the Renewable Carbon Economy a pillar for future growth.
Michael Carus: Are there market preferences for any of the three sources of renewable carbon? Biomass first and second generation, biogenic waste, utilisation of CO2 from biogenic and fossil sources and direct air capture or mechanical and chemical recycling?
Francesco Montecchio: We see a vast combination of feedstocks, from Used Cooking Oil (UCO) recycling to CO2 sequestration. We believe that this variety will continue in the future, so the production of a renewable product is independent from one single source and the related market fluctuation.
Michael Carus: What would be the most important measures and policy instruments to accelerate the transformation from fossil to renewable carbon?
Francesco Montecchio: We believe that financial incentives on renewable products can play an important role, scaling up the production volume and ultimately leading to cut production costs down to a level which is competitive with fossil-based products.
Michael Carus: Thank you so much for the interview.
Meet Francesco Montecchio at the Renewable Materials Conference 10 - 12 May 2022, Cologne, Germany (hybrid event) and look forward to his presentation „High-speed Separation for PHA Production Process: Higher Yield and Power Savings“ on the 2nd day during the Fine Chemicals Session (Parallel Session, 1st Floor, 3-Koenigssaal)!
More information: https://renewable-materials.eu
nova-Institute, press release, 2022-05-06.