Germany is introducing compulsory quotas of biofuels to be mixed with fossil fuels from the start of 2007.  German oil refineries will be required to have 2% biofuel in gasoline until 2009, and 4.4 percent biodiesel in conventional diesel. The blending quota for biodiesel was rumored to be as high as 5.75 percent leading up to the announcement. Refineries will be able to trade the quotas, so refineries that use more biofuels will be able to sell their surplus quota to those that miss their targets. In parallel with the announcement of quotas, the German cabinet decided to end special tax breaks for biodiesel, and slowly phase out subsidies on pure biodiesels.
[Source: Planet Ark]


From Our Partners

You May Like
Links by Zergnet
Share This Photo X