New industry alliance to boost supply of alternative fuels in transport

The Renewable and Low-Carbon Fuels Value Chain Industrial Alliance is kicking-off work today with industry representatives from FuelsEurope, Hydrogen Europe, SAFRAN, Fincantieri, and the European Commission.

The Alliance is tasked with rapidly boosting the supply of renewable and low carbon fuels for aviation and waterborne transport. The Alliance also launched an open call for members today, inviting industry, public authorities, civil society and any other actors involved to join.

Commissioner for Transport, Adina Vălean, said: "By aligning the full industrial value chain, this new Alliance will help boost the production, distribution and use of renewable and low-carbon fuels in transport. It will reduce our reliance on imported fossil fuels, and create new innovative business opportunities. I would like to thank our partners for their commitment and invite all those interested to join our efforts. With this initiative, we continue to deliver on our commitments under the Commission's Sustainable and Smart Mobility Strategy and the European Green Deal."

Alongside the legislative proposals ReFuelEU Aviation and FuelEU Maritime that formed part of the Fit-for-55 package last year, the Alliance will ultimately help the EU meet its transport emissions reduction target of 90% by 2050.

See also: Renewable and Low-Carbon Fuels Value Chain Industrial Alliance