News from Europe

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  • Foreign investors drive Hungary’s biofuel sector 27 November 2006 from Czech Business Weekly. European Union demand for biofuels, as well as the promise of EU subsidies, excise tax refunds, and a climate well-suited for growing corn and rapeseed, has brought in biofuels investors from Sweden and Italy among others.

The Netherlands

  • Netherlands Moves to Make Biofuels use Mandatory, 9 November 2006, Reuters, reported that the Dutch government, joining Germany, adopted a new law mandating "compulsory blending of biofuels with diesel and petrol" starting 1 January 2007. Biofuels thereafter must account for two percent of the content of these transportation fuels.
    • The article noted that "The blending requirement will be raised to 5.75 percent in 2010 to meet European Union targets to increase the share of renewable energy in a bid to cut pollution from fossil fuels and reduce dependence on crude oil imports."[1]
    • It also noted that excise duties on the blended fuels would be lowered, "so that prices at the pump are no higher than those of conventional fuels."[2]

United Kingdom

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