HVO price

One of the disadvantages of hydrogenated vegetable oil (HVO) for larger consumption is its feedstock and production costs. As a result, it has a higher price than biodiesel, which makes it harder to compete when there are no tax benefits.

A literature review published by the research institute CONCAWE in March 2019, provides estimated production costs of advanced HVO. The current production costs for advanced HVO were estimated to range from 0.5 to 0.9 EUR/liter diesel equivalent, and the production costs in 2050 are given an estimate in the range of 0.9 to 1 EUR/liter diesel equivalent. By comparison, the production cost of fatty acid methyl ester (FAME) is estimated at 0.9 EUR/liter diesel equivalent, and the production cost of diesel is given a range of 0.28 EUR/liter diesel eq