23 June 2005 13:29 [Source: ICIS news]
The company announced the plan after welcoming recent news that the Czech government is to renew its biodiesel subsidy of around Koruna7,000/tonne of
Setuza spokeswoman Marie Logrova told CNI that the company is now lobbying the government for legislation that will require diesel fuel to have a biodiesel content of at least 5%.
“Of course there are other lobbies pressing for as low as 2%. But we hope for the higher figure before mid-2007, when our increased capacity - 160,000 tonne/year compared to the current 50,000 tonne/year - should be in full production,” she said.
The government ceased state support for
The cancellation of the system was a significant contributory factor in the record Koruna700m loss suffered by Setuza in 2004.
Logrova said the firm currently exports most of its
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