by mcgon1979 » Wed Mar 12, 2008 4:24 pm
This is from The Post.ie FYI: Topaz Energy own Statoil Ireland.
Biofuels is in its infancy in Ireland, but the government’s White Paper on energy has set a 10 per cent minimum use for biofuel by 2020.
The government is aiming for a national biofuels obligation on fuel suppliers of 5.75 per cent by 2009, which has provided greater market certainty and encouraged further investment.
Already, heavyweights such as National Toll Roads, Larry Goodman’s Irish Food Processors and Philip Lynch’s have entered the biofuels business.
Biofuels emerged as a politically attractive option for Western politicians amid rising petrol prices, an over-reliance on Middle Eastern oil and mounting concerns about global warming.
Irish Food Processors, Green Biofuels Ireland, Conoco Phillips, Biodiesel Production Ireland, Maxol, Topaz Energy Ltd, NTR’s Bioverda, Greyhound Recycling and Recovery, Eco Fuels, Eco Ola, Bord na Mona, Emo Oil, Eilish Oils/Glanbia, and Goldstar Oils also secured excise relief.
The package, developed by the Department of Communications, Marine and Natural Resources, will exempt biofuel companies that manufacture, import or consume biofuels, from exchequer duties and excise taxes.