By producing renewable diesel, gasoline, jet fuel and chemicals from biomass, a country will reduce its dependence on fossil oil imports.
Votion will support the efforts of countries to become less dependent on fossil oil imports. Every country would benefit from investments in domestic biofuels production to reduce their dependence on other nations. Countries, with biomass or waste available, could invest in Votion’s feedstock-flexible solutions to independently produce gasoline and diesel.
Two examples (OPEC data):
- Swedish imports of fossil oil in 2021 totaled 15 million tons.
- German imports of fossil oil in 2021 totaled 78 million tons.
Many countries rely heavily on fossil oil imports. Even a small percentage of domestic biofuels production is meaningful in the event of a crisis.