Russia plans increase in biofuel production

27 November 2007 15:44  [Source: ICIS news]

MOSCOW (ICIS news)--Russia's President Vladimir Putin on Tuesday ordered agriculture minister Alexey Gordeyev to work out new incentives to increase biofuel production.

 

“It is necessary to create conditions for businesses to create new facilities for bioethanol production,” Putin was quoted as saying in a statement from the Kremlin press-service.

 

At the meeting in the Kremlin, Gordeyev also voiced concern over high mineral fertilizers prices in Russia.

 

The sector is dominated by major producers and their price policy violates anti-trust legislation, Gordeyev said.

 

The Agriculture Ministry and Russia's Federal Anti-Monopoly Service (FAS) drafted “a plan of action to deal with major producers and not to allow unjustified price increases,” Gordeyev was quoted as saying in the statement.

 

Bookmark Simon Robinson's Big Biofuels Blog for some independent thinking on biofuels

By: Sergei Blagov
+44 20 8652 3214

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