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The concept
Ethanol and Biofuels Investment Asia 2006 is the ONLY conference in Asia that thoroughly examines the investment fundamentals of the ethanol and biofuels market from a supply and demand perspective and investigates the support level from the various Asian governments. Here, biofuel investors, producers and traders will convene to best position themselves to achieve profit and sustainable growth from this new and important market.
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Interesting facts like the following are the surest signs that ethanol and biofuels markets are headed for exciting times including: |
- U.S. Energy Policy Act of 2005 requires gasoline producers to nearly double the use of renewable fuels -- chiefly ethanol -- by 2012. Mandated use will rise to 7.5 billion gallons by 2012, from 4 billion gallons in 2006.
- Hundreds of gas stations in Thailand’s capital, Bangkok, sell gasohol -- gasoline with 10 percent ethanol. Thailand also grants the sugar industry tax breaks to produce ethanol and is following the United States in a plan to replace the toxic fuel additive MTBE with ethanol.
- The Fiji Electricity Authority plans to switch entirely to renewable energy by 2011.
- India says it wants to increase its use of renewable energy from the current 5 percent to 25 percent by 2030. About half of India drives on gasoline with 5 percent ethanol, and the government aims to increase that to 20 percent in the next decade
- In China, the government is promoting ethanol and is financing nuclear, hydroelectric and solar power, aiming to increase renewable energy sources from 7 percent currently to 15 percent by 2020.
- Malaysia, the world's largest producer of palm oil, has issued 10 licenses for plants to produce biodiesel for export, mostly to the European Union, which has mandated that all fuels should contain 5.75 percent biofuels by 2010.
- Decatur, Illinois-based Archer Daniels Midland last year announced plans to build a US$29 million (euro23.3 million) biodiesel facility in Singapore.
- BP is spending US$9.4 million (euro7.6 million) to study jatropha in India and in March announced it would produce 110 million liters (29 million gallons) of ethanol a year by 2007 in Australia, which aims to substitute 2 percent of oil use by 2010 with ethanol.
- British-based D1 Oils is investing up to US$20 million (euro16.1 million) mostly in jatropha in India, Indonesia and the Philippines.
- Auto companies like Ford and General Motors are ramping up promotion of flex vehicles that run on E85. Even Tata Motors in India is exploring the feasibility of manufacturing vehicles which run on biofuels
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