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 Sweden |
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Production of RME in Sweden was started by small scale production plants tun by farmers, in the late 80's, when a considerable tax reduction was obtained, which then ended in 2001. |
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Quota system for tax exempt for biodiesel is in place in Sweden. |
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At the moment, CO2-neutral fuels will be exempt from both the energy tax and the CO2 tax until 2009, if the EU approves. |
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As at 2003, biofuels has accounted for approximately 1.5% of the combined petrol and diesel market in Sweden. |
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