26 March 2007 12:38 [Source: ICIS news]
PRAGUE (ICIS news)--Research into a cleaner biodiesel component form has been awarded Hungarian state funds of forint (Ft) 500m (€2.02m/$2.69m), Hungary’s agriculture ministry said on Monday.
The grant would go to a project aimed at creating a component from a rapeseed and sunflower blend, it added.
The research was a joint effort between oil and petrochemicals group MOL, ?xml:namespace>
The companies believed biodiesel containing a 5% mix of the new component could be burned by motor engines which would not require any adjustments.
Meanwhile, looking at bioethanol potential for biopetrol use, the agriculture ministry said the country’s grain harvests should average at least 12 million tonnes/year at least for the foreseeable future.
However, domestic grain users would need no more than around 8.5m tonnes/year – with bioethanol plants taking approximately 2.5m tonnes/year – so bioethanol feedstock export prospects were good, added the ministry.
($1 = Ft185)
(€1 = Ft246)
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