26 March 2006 22:47 [Source: ICIS news]
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"Developments in biofuels in
If goals set by the government were achieved, biodiesel capacity in the country will increase to 10m tonne/year by 2015 from 6m tonne/year today, he added.
As the economy in
New projects in
The French government has already launched a large-scale project for the production of biofuels.
To help this development, the French government has in its initial draft for the 2006 budget taken further steps to bolster the research tax credit, which underpins its efforts to promote and support research and development in
The portion linked to total expenditures have been increased to 10% from 5%. The portion linked to the increase in spending has been set at 40%. The ceiling on the research tax credit has been raised to Euro10m from Euro6m, he added.
The industry now needs to move into the second tier of biofuels production, Girard said. "We need to go to the second generation [of biofuels]."
French oil and chemicals major signed an agreement to develop a new generation biofuels with Finland's Neste Oil last year. This will be based on Neste Oil's proprietary NExBTL technology in which high-quality biodiesel fuel is produced from renewable raw materials, such as vegetable oils and animal fats.
The next step would be to move to the next generation, tier three, and then to tier five, to enhance the quality of biodiesel and increase the usage of the fuel, possibly in the long-term to use for the production of downstream chemicals products.
This would include making biofuels from other natural resources, such as trees in the forests, Girard said on the sidelines of the
31st International Petrochemical Conference.
"About 30% of the growth of the forests remain in the forest every year," he added.
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