São Paulo, December 17, 2008 – Today’s approval by the European Parliament of the Renewable Energy Sources Directive is a clear sign that a sustainable market for renewables in transport will be created in the European Union. The decision by the EU, which calls for the adoption of a 10% mandatory target by 2020 for renewables in the transport sector, is “the positive signal biofuels producers, consumers and investors have been waiting for,” according to Brazilian Sugarcane Industry Association (UNICA) president and CEO, Marcos Jank.