Sasol needs biofuel subisidies

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(automatically updated/inserted from The Big Biofuels Blog)


This story made me blink, Sasol says it will need subsidies if it is to operate a biofuels plant.
According to Business Report

"Biodiesel production is not economically viable considering the cost of vegetable oil and crude prices," Brian Tait, the manager of alternative energy at the world's biggest producer of liquid fuels from coal, said at a conference in Cape Town

Here's why.

Vegetable oil feedstock would have to come from new plantings or be imported at a cost of about $700 (R5 000) a ton because most current oilseed production was consumed locally, Tait said.

Sasol expected to decide this month whether to build a 100 000 ton a year plant fed by soya beans. It would cost at least $30 million, Tait added.
Picture from : http://www.flickr.com/photos/accidntl/190211610/

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