30 August 2011 17:11 [Source: ICIS news]
LONDON (ICIS)--Leading politicians in ?xml:namespace>
Patrick Doring, parliamentary vice chair of the Free Democrat party, said the government’s E10 policy has failed.
Meanwhile, the Free Democrat's parliamentary chair, Rainer Bruderle, told Saarbrucker Zeitung that E10 needs to be “discussed once more.”
A high-profile summit with industry leader earlier this year to promote E10 had not yielded the results Bruderle had expected, the former economics minister added.
The comments came after an oil industry executive said last week that Germany’s refiners could face penalties of up to €400m ($580m) from the troubled E10 launch, which they would seek to pass on to drivers.
Refiners launched E10 because it enables them to comply with EU fuel quality standards and quotas. If they fail to comply, they face penalties.
MWV is confident that E10 future sales will rise, spokeswoman Karin Retzlaff said.
However, so far,
Retzlaff added that refiners would seek to include all costs related E10 into gasoline prices at the pump.
($1 = €0.69)
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