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Oil companies request fiscal aid for biofuel |
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Petrom, Rompetrol and Lukoil have expressed interest in investing in the development of biofuel refineries if the Ministry of Economy and Trade (MEC) agrees to grant fiscal aid for this type of activity. Representatives from the three companies met with Minister of Economy Codrut Seres Tuesday, presenting to him a series of propositions for the promotion of bioethanol and biodiesel on the Romanian market, according to an MEC press release.
One of the propositions calls for the gradual increase of the proportion of biofuel that is mixed with regular fuel, according to a pre-established agenda. A second proposition calls for the granting of fiscal aid. A working group made of MEC experts and specialists from the three companies will elaborate in the following period a set of concrete proposals for the implementation of the European directives for the promotion of biofuels.
The promotion of renewable fuels as part of the effort to reduce polluting emissions is one of Romania's pledges to the European Union. The European directive, which Romania adopted in 2005, stipulates that two percent of all fuel consumed in 2007 must be from renewable sources. The share must reach 5.75 percent by 2010. |
