21 December 2006 14:25 [Source: ICIS news]
MADRID (ICIS news)--The UK biofuels industry has asked the government to double the country’s blending obligation to 10% by 2015, a Renewable Energy Association (REA) official said on Thursday.
The country has introduced the Renewable Road Transport Fuel Obligation (RTFO), which mandates that 5% of transport petrol contain biofuel by 2010.
This is in line with the European Commission’s (EC) biofuels directive.
However, efforts to meet the obligation are moving slowly as the blended volume stands at a mere 0.3% compared to the 2% it should have been at by now.
“We need a 10% minimum volume target by 2015,” Graham Meeks, head of the biofuels department at the REA, told ICIS news.
Even if
The government must also develop the higher-blends market to enable biofuels such as E85 (85% ethanol/15% gasoline) and B20 (20% biodiesel/80% diesel) to be sold in the
However, Meeks is pessimistic that the administration will act soon to boost the trade.
“I’m not confident,” he said. “The government is sitting on its hands, waiting for a queue from
Prime Minister Tony Blair has pledged to make the
In light of that promise,
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|
|
ICIS Chemicals Confidential