Important factors in the revival of the biodiesel industry in Serbia: Progress or pitfall?

Abstract

If Serbia is to continue with European integration, European policies related to the use of biofuels will have to be implemented. Directive 2009/28/EC implies 10% of biofuels in transport fuel by the end of 2020. Although the production and use of biodiesel is in line with the practice of developed countries, Serbia does not produce nor use significant quantities of this fuel. Based on the conducted analysis, it was established that Serbia has the potential to produce biodiesel by processing its domestic raw materials. The logical step, then, is to re-establish the domestic biodiesel industry. This paper presents and discuss important factors for biodiesel producers or / and investors, in an attempt to mitigate business risks or to provide a starting point in a search for ways to turn these factors into gains. The PESTLE framework was used for classification of these factors, on account of its common use in making strategic decisions.

Sustainability and Green Economy Frameworks

“…For instance, in all three regions in Austria, Switzerland, the Czech Republic, Germany, etc., investments in the transportation industry have generated high returns (Pansera et al, 2021). The green economy has a number of drawbacks despite its many positives (Latinović, 2019;Latinović et al, 2020). The concept's primary "failures" are around its first premise, which treats the entire planet as one region but has only limited practical relevance.…”

Digital dimension of ntrepreneurship as a significant dimension of social security

“…Утицај дигиталних технологија на савремено пословање је неизоставан. Сведоци смо аутоматизације процеса и побољшане ефикасности, која резултира у повећаној ефикасности пословања, смањењу трошкова, као и бољим позиционирањем предузећа на тржишту, за шта су задужене управо дигиталне технологије (Latinović, Stojić, Latinović, 2020). Приступ интернету пружио је могућност предузећима да досегну глобално тржиште и на тај начин приступе новим приликама за раст и ширење пословања.…”

“…The effect of digital technologies on modern business operations is inevitable. We witness process automation and improved efficiency, which results in improved efficiency of business, cost reduction as well as better positioning of companies in the market, for which digital technologies are responsible (Latinović, Stojić, Latinović, 2020). Internet access has provided enterprises with an opportunity to reach the global market and thus get new opportunities for growth and expansion of their business.…”

Potential of Using Domestic Zeolite in Water Treatment Systems in Serbia

“…However, in order to use Zeolite processed in Alusil, adequate laws and bylaws must be passed beforehand so that such import and possibly export of raw zeolite from Serbia would be possible. Finally, from this perspective, the use of zeolites in water purification systems seems to be a technology that does not carry major caveats with it, unlike some other "green" technologies that are questionable (Latinović et al, 2020;Latinović, 2019). In addition to drinking and waste water treatment, this mineral would also find application in the production of various products intended for foreign markets, which were not the subject of this paper.…”