The European Commission is expected to propose two new directivesto ensure that biofuels make an important contribution to the totalautomotive fuel consumption in the region. This impendingannouncemen..
The European Commission is expected to propose two new directives
to ensure that biofuels make an important contribution to the total
automotive fuel consumption in the region. This impending
announcement will provide "a huge boost" to the European biodiesel
industry, says a new study from Frost&Sullivan (www.frost.com).
The directives will make sweeping changes to tax laws to enable EU
member states to introduce tax breaks for biofuels and will
stipulate that biofuels must make up a fixed percentage of all
automotive fuel sales across Europe.
Frost&Sullivan forecasts that these two new initiatives will
help increase the biodiesel market from the year 2000 value of $504
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