Russias first biofuel plant

Russia's First Biofuel Plant

Russia's First Biofuel Plant

Russian Technologies, a state holding for companies involved in innovation, has announced plans to begin construction of the countrys first biofuel plant in the spring. The plant, in east Russia, will use timber by-products to produce biobutanol, said CEO Sergei Chemezov. Given its huge reserves of fossil fuels, green alternatives have struggled to gain government attention over the years.However, a state programme to get a biofuels sector up and running was announced in 2008, and timber industry players were told that the government was ready to back up to 30 production plants.A government official said Russia hopes biofuel exports could help redress its trade balance with the EU given the high prices on the European market.

Source Telegraph.co.uk

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