Oil giant Chevron is concerned that biofuel may be too expensive for
motorists, if stocks are not available locally to make the product.
The Government has set the biofuel target at 3.4 percent of total fuel
sold in New Zealand by 2012. Discussion documents on the issues looked
at targets around 2.25 percent.
Sharon Buckland, spokeswoman for Chevron which the operates Caltex
service stations, says the company needs clarification of how biofuel
will be sold, what it will consist of and how it will be blended. She
says if feed stocks need to be imported, prices will be pushed up.
Ms Buckland believes oil companies will have to pass on the
infrastructure costs supplying the fuel to motorists. She says it is
important to set achievable targets but Chevron is also concerned about
creating a product that may be too expensive for consumers.
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