18 April 2008 16:00 [Source: ICIS news]
PRAGUE (ICIS news)--Plans for a second-generation biofuel plant to be built in the Czech Republic and costing koruna (Kc) 300m (€11.9m/$19.1m) have been drawn up by a non-profit consortium, it said on Friday.
“The plant will produce biofuel from wood scraps and farm waste. The producers of first- generation biofuels from grain are in severe difficulties because of cheap imports from
Farm and forest research centres and Czech timber company Lesy CR were among the other consortium members, he added.
State and EU funding would be sought for the plant to be located in Losovice, North Bohemia, said the spokesman, adding that information on a likely start-up date and proposed plant’s capacity were not yet available.
Second-generation biofuels are said to supply a larger proportion of fuel sustainably, affordably and with greater environmental benefits than first generation, which threaten food supplies and biodiversity.
($1 = €0.63/$1 = Kc15.73)
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