Biotech Updates

Government Grants to Boost New Zealand Biodiesel Industry

May 29, 2009
http://www.beehive.govt.nz/release/budget+2009+gerry+brownlee+-+biodiesel+boost http://www.thebioenergysite.com/news/3751/biodiesel-boost-announced-by-government

New Zealand Energy and Resources Minister, Gerry Brownlee, announced the availability of grants amounting to NZ$ 36 million (over three years) which are aimed at boosting the biodiesel industry in the country. According to industry analysts, biodiesel production/utilization in New Zealand will result in a 50 to 90% reduction in greenhouse gas emissions relative to conventional diesel fuel. It is also seen to provide additional direct and indirect employment benefits. The grants, which will be available beginning 2009 July, will be open to domestic biodiesel producers selling to New Zealand consumers. In order to qualify for the grant, the biodiesel producer must produce a biodiesel product which will "meet the government's regulated fuel quality specifications that apply to all engine fuels"..