TodayEco.com

26 Apr '11, 2am

Spain Seeks To Shore Up Battered Biofuels Industry: Spain has pledged to launch measures to help shore up the b...

Spain Seeks To Shore Up Battered Biofuels Industry: Spain has pledged to launch measures to help shore up the b...

According to leading trades union CCOO , the state is about to launch a new decree that will limit foreign biofuel imports, which come in at much lower prices than the national average, making dents in local producers' profits. The union said the Energy Ministry has agreed to launch the law in the coming weeks to help avert producer bankruptcies and job losses. "We need specific policies to end these imports whose low prices are costing the industry billions," said a CCOO official. "The government has pledged to do this as soon as possible and we hope they will meet their word." He added France, Italy, Greece and Portugal have already approved similar measures to protect their bioenergy industries. The official's remarks came shortly before Spain's leading renewables lobby APPA issued a statement pleading the government to act against the bioediesel import blitz. Specifica...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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