step forward for SA biofuels
The South African cabinet has approved a draft biofuels strategy, according to the Cape Times today. The target is to reach 4.5% biofuels in road transport fuel by 2013: 8% ethanol in petrol, and 2% biodiesel in diesel. Reaching this target will require:
- tax rebates of 40% for biofuels
- industry planting of 1.3 million hectares of grain and oilseed
- 10 new biofuels plants at a cost of R6 billion
The EU has a biofuels target of 5.7% for 2010, and the US has a target of 5% - 7% for 2010, according to Raoul Goosen, consultant to the Department of Minerals and Energy to co-ordinate the biofuels task team.
