"People have invested millions in the biofuel business in Lithuania, just like elsewhere in Europe. I know people who have ploughed more than 100 million litas (EUR 30m) each in these projects. These investments have not paid off yet, and they are incurring losses. The investments will never pay off if Europe's position changes," it quoted Mindaugas Palijanskas, president of Biodegalai (Biofuels), an association of biofuel producers and suppliers.
Palijanskas doubts if EU member states will back the changes, which are to be proposed next month.
Amid concerns that the policies may have contributed to deforestation and a surge in global food prices, the European Commission proposes to cap the share of biofuel derived from food crops at five percent of transport fuels. The rest will have to come from organic waste.
