|
|
|
|
The UK Government has recognised that there is a strong case for biofuels, and has put in place a duty reduction (derogation) of 20pence per litre for both bioethanol and biodiesel. The duty on fossil based road fuels is currently 49.1pence per litre (click here for details). However those interested in developing a large scale biofuels industry in the UK, using UK sourced raw materials, have calculated that at least a further 8pence per litre reduction in duty is required (click here for details). northeast biofuels support this view. Investment in domestic biofuels production facilities is taking place, but is based on using waste cooking oils and tallow (click here for details), and importing raw materials such as palm and soy oils (click here and also here for details). A Government consultation on biofuels was held during 2004 (click here for details), lead by the Department for Transport. This helped clarify the desirability of further Government support. A recent EU directive has set reference values (non-mandatory) for member states to achieve 2% biofuels use in transport by 2005 and 5.75% by 2010. It is widely accepted that the UK will not meet the headline target for 2005, but biofuels have the potential to contribute towards it. EU Governments were required to announce their approach, in the form of indicative targets to meeting these reference values, by early July 2004. |
|
|
Working together to establish renewable transport fuels in the Region Northeast Biofuels is a division
of East Durham Biofuels Ltd Stable End
Hawthorn Village Seaham
Co Durham SR7 8SG Registered Office: Camden House, Prince's Wharf, Teesdale, Stockton on Tees, TS17 6QY Company Registered in England No: 5542440
|