27 March 2007 16:16 [Source: ICIS news]
HOUSTON (ICIS news)--Italy will invest $480m (€360m) to build four biodiesel plants in Brazil as it starts preparing to meet future European Union (EU) renewable fuel standards, the Brazilian press reported on Tuesday.
Italy Prime Minister Romano Prodi, who was visiting ?xml:namespace>
Prodi said the EU will require member countries to replace 20% of its fossil fuel consumption with renewable alternatives by 2020.
He said the mandate represented a challenge for
($1 = €0.75)
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