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.
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Biodiesel in Finland |
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As the cost of production of arable crops in Finland is among the highest in the EU, the Government prefers to use wood or waste-based raw materials as a biofuels. |
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Currently, partial excise tax can be granted to biofuels used in the area of research and testing. |
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Production and sale of biodiesel have been small and negligible. |
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