10 February 2009 19:10 [Source: ICIS news]
TORONTO (ICIS news)--Germany’s biofuels industry is losing its competitive lead because of a drastic reversal in the country's government policies, trade group Verband der Deutschen Biokraftstoffindustrie (VDB) said on Tuesday.
“Then, after only two years, misdirected legislation leads to an investment disaster costing several hundreds of millions of euros,” he said.
Reimelt and VDB general manager Johannes Lackmann called on legislators not to change the law, in order to ensure continued stable operating conditions for the industry.
Lackmann added that 20% of VDB’s 32 member companies had already stopped production while others had introduced short-time working hours because of the uncertainties associated with the proposed legislation.
Biofuels blending was one of the most expensive climate protection options, a fact that the government had to bear in mind when setting quotas, especially in light of the tough economic conditions, the Mineralolwirtschaftsverband (MWV) said.
Refiners also supported the government’s efforts to quickly find a consensus on the regulation and certification of the environmental sustainability of biofuels.
Increasing biofuels use and rising import volumes underlined the need for a comprehensive certification of sustainability, regardless of source country or production process, MWV said.
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 news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|