Perspectives of biofuel production in lithuania

Object of the paper – perspectives of biofuel production in Lithuania. Aim of the paper – evaluate the perspectives of biofuel production in Lithuania according to supply and demand tendencies of rapeseed oil and biofuel in the EU and also to a study carried out in Lithuania. Goals of the paper: • Overlook the concept of sustainable development and the sustainable development strategy of Lithuania in order to find out their influence to biofuel supply, demand and production expansion in Lithuania; • Overlook the jurisdictial reglamentaion of biofuels in Lithuania and the EU; • Analyze the EU biofuel market; • Make a study in order to find out the opinion of Lithuanian people regarding usage of biofuels; • According to the results of the study evaluate demand and production perspectives of biofuels in Lithuania. Structure of the paper: 1. Review of sustainable development strategy of Lithuania and jurisdictial reglamentation of biofuels; 2. Analysis of EU biofuels market; 3. Implementation of the study and evaluation of its results. Main results: if the biofuel consumption rate in Lithuania will remain the same as for the couple last years, we will easily reach the goals of EU Biofuel directive. Starting from the year 2008 companies making biofuels in Lithuania will have enough production capacity to fulfill the demand of biofuel. In order to use the biofuel market in Lithuania to its full potential the following actions must be implemented: spreading of information regarding ecological advantages of biofuel, its technical specifications, fuel economy, low price. It is also important to establish a wide infrastructure of biofuel selling points and to encourage car manufacturing companies to promote biofueled cars