NZ: Reaction by stakeholders on biofuel targets set by Government

Source:

http://www.radionz.co.nz/news/latest/200702140633/biofuel_targets_raised_by_govt

Oil companies say they will have to work out how biofuels can be sold at
the pump, after a government announcement increasing targets for their use.

From next year, biofuels must make up 0.2% of all transport fuel sold
in New Zealand, rising to 3.4% by 2012.

Shell Oil says petrol and ordinary diesel will continue be sold for the
forseeable future.

General manager, Jim Collings, says the government may need to consider
cost incentives, such as cutting excise tax, to encourage motorists to
use biofuels.

Shell Oil says it is likely to trial biodiesel at truck stops before
deciding how to proceed.

A British company says it has been looking at establishing a plant here
for some time. Argent Energy produces low-emission biodiesel from beef
tallow.

Argent Energy New Zealand managing director Dickon Posnett, says the
company has signed a letter of intent to supply Shell Oil and is now
looking for a site to produce about 75,000 tonnes per year.

The Automobile Association says that when biofuel blends go on sale,
they must be labelled clearly so consumers have a choice, and
alternative mineral fuels must be available.

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