Special Feature
This is a video report about
World Business: A couple of
years ago, with surging
demand for biofuel from
Europe and riding crude oil
prices, investors rushed to
build plants to turn palm oil
into biodiesel. But with
falling oil prices and
changing opinions towards
biofuel many of those
projects were put on hold.
To adapt, biofuel producers
now have to be a little more
creative.
|
 |
Biodiesel in Austria |
|
| |
 |
Pure Biodiesel and blends up to 2% ais exempt from mineral oil tax. Tax rate is reduced from 2-5% blends, as compared to fossil diesel. |
|
| |
|
As of 1 April 2005, oil companies are required to sell a min of 2.5% biofuels by energy value the transport section.
As of 1 April 2007, the requirement = min 4.3%.
As of a April 2008, the requirement = min 5.75%. |
|
| |
|
In Austria, mainly pure biodiesel is sold, while these fuels are sold approximately 3 - 4% below the fossil diesel price. |
|
| |
|
Approximately 90% of bodiesel produced in Austria were exported to its neighbouring coutries, such as Germany and Italy as higher prices could be achieved due to different tax breaks in these nations. |
|
| |
|
Biodiesel Production and capacity in Austria |
|
|
|
|
|