Wednesday, May 20, 2009

New Zealand: budget 2009 provides biodiesel boost

In a PR, the Energy and Resources Minister of New Zealand said that a new grants programme for bio-diesel production will kick-start the bio-diesel industry in New Zealand, US Fed News reports.

As part of Budget 2009, $36 million will be allocated to the programme over three years. The grants will be available from July 1, 2009 and will be available to domestic bio-diesel producers selling their product for a range of end uses.

Some bio-diesel is already produced in New Zealand from waste cooking oil, tallow (and oil seed rape.

The Minister said the initiative fulfilled the government's pre-election promise of providing incentives for bio-diesel producers, in recognition of the advantage that bio-ethanol already enjoys. (19 May 2009)

No comments:

Post a Comment