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Bio-fuel production to be invested 300M euros in

The insufficiently developed bio-fuel market requires to be harmonized with the EU laws. The bio-fuel is expected to reach 5.75 percent of the total fuel consumption by 2010, and along with the present agricultural potential they make the Romanian market an attractive destination for investments, the Romania libera daily informs.

Romania could attain the EU agreed target to the bio-fuel consumption weight in the total fuel consumption taking into account the existing agricultural potential and the announced investments, experts think.

'Romania avails of a considerable bio-mass energy potential worth 7,600 tep/year including farming, urban and household waste and forestry debris, along with raw materials for the bio-diesel production such as rape, soybean, sunflower and that for bio-ethanol,' Agriculture, Forests and Rural Development Ministry (MAPDR) adviser Benone Velcescu told the daily.

According to the MAPDR official it is required 5.75 percent of the total classic fuel consumption by end 2010, which means about 330,000 tons bio-diesel and bio-ethanol per year. The EU laws set a minimal mandatory target of 10 percent bio-fuel in the gasoline and diesel oil consumption in transportation in 2020, namely 600,000 tons bio-fuel yearly.

As much as 30,000 tons bio-diesel was put out and 20,000 tons were imported in 2007, Economy Ministry data say.

A few hundred million euros has been invested in the field so far.

As many as 31 economic units operate on the Romanian bio-fuel market, and put out 280,000-300,000 tons, every years, MAPDR data inform.

Two units, Marex in Braila (east) and Bio Fuel Energy Zimnicea (south) at a yearly production of about 150,000 tons a year will start making bio-ethanol out of maize, in 2009 Velcescu added.

A group of nine Romanian and foreign investors plan to invest 150 million euros in opening a bio-ethanol plant in Gotlob, Timis County, and part of the money will come from EU non - repayable EU funds.

The Portuguese Martifer Group is developing an investment worth 50 million euros at Lehliu, Calarasi County (south) and a Spanish Group allocated 18 million euros to open an unit putting out bio fuel in Iasi County (east).

 

Sursa: http://www.rompress.ro

Tags: consumption euros production

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