30 December 2011 15:57 [Source: ICIS news]
In the first three quarters of 2011, 344,000 tonnes of biocomponent were sold, compared to 369,000 tonnes in the same period of 2010, it added.
Sales volume growth was throughout the year restricted by an ongoing hold-up in introducing a legislative amendment that would increase the maximum permitted amount of biocomponent in biodiesel to 7% from 5%, the ministry said.
Disagreements over several points in the amendment between the government, producers and the EU were behind the delay, said the ministry, adding that it believed a three-way agreement could be achieved early in 2012.
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