Financial crunch affecting African biofuel exports
Engineering News reports that the financial crisis is hindering African biofuels exports, said Hart Energy Consulting Global Biofuels Center (GBC) biofuels director Maelle Soares Pinto. GBC sees a overcapacity in the European Union (EU), the most likely market for biofuels exports from Africa. Pinto also said several African countries benefit from special tariffs in the case of ethanol exports to the EU. Hart’s GBC executive director Tammy Klein adds that, as yet, there is still not a demand driver in the African marketplace.
What do you think? Discuss this entry in the Green Investing Forum.