Economic impact of the sunliquid® plant
The sunliquid® plant is one of the largest greenfield investments in the South-West of Romania (over 100 million euros), which has a multiplier effect for the local economy. 800 jobs were created during the construction phase, and 400 jobs were created during operation (100 jobs inside the plant, 300 in related services). There are also additional business opportunities generated for local farmers and local service providers, such as baling, transport, straw storage (the value of these services is estimated at 13-15 million euros per year).
Boosting the advanced biofuel market in Europe
The Renewable Energy Directive (RED II) is setting the tone for creating a stable and predictable business environment that will trigger the development of investments in advanced biofuel production within the EU. Thus, as long-term benefit for Romania, the sunliquid® technology opens up new opportunities on an expanding global market for second-generation biofuels. It creates the premises for Romania to be a leading country within the EU to expand its renewable energy footprint.
From a fossil-based economy to a bio-based circular economy
A wide-scale implementation of advanced biofuels production in Europe will create a sustainable and competitive source of domestic renewable energy for the EU, making it less dependent on oil imports from outside the EU. The development of an advanced biofuels industry in Europe will also support the necessary transformation from a fossil-based economy to a bio-based, circular economy.
Benefits for the economy
- Boost of local economies through creation of green jobs predominantly in rural areas
- Economic growth and additional business opportunities for all actors along the value chain
- Collaboration within and linking of the agricultural, logistics, energy and biochemical sector