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 Hungary |
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The initial 2 pilot plants built in 1999 were failed due to the lowering tax on regular diesel for agricultural producers. However, in 2004, the government approved the refund of the excise tax on biofuels until 2010, to promote the blending of biofuels into standard engine fuels. This allows blends of biodiesel up to 5%, which meets the specification of EN 590. |
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In Hungary, growing conditions for feedstock such as rapeseed is poor. However, the situation may change significantly once the high-oleic sunflower breed breeds are cultivated for biodiesel production. |
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