Tag Archives: biofuel tax

Australia push back alternative fuel taxes to encourage biofuel innovation

January 25, 2011   Karl   No comments
Australia Biofuel

Australian gov hopes to promote "innovation" in biofuel production

In Australia, the federal government has introduced draft legislation for public consultation that would push back the date for taxing alternative fuels including ethanol and LPG into the excise tax regime until December 2011, pushed back from the original July date set back in 2004. The draft legislation removes the need for offsetting grants for the gaseous fuels and biodiesel producers.

It encourages innovation by ensuring eligible second generation production processes can be used to produce domestic ethanol and qualify for a grant.

The changes to fuel taxation are being phased in over the period beginning 1 December 2011 and ending 30 June 2015 which allow the alternative fuels industry time to adjust to these changes. Grants to eligible ethanol producers will be phased down until 1 July 2020.

Public consultation meetings on the draft legislation will be held in Sydney (afternoon of Monday 31 January 2011) and Melbourne (afternoon of Tuesday 1 February 2011). Interested industry stakeholders should email ExciseConsultation@treasury.gov.au to notify attendance and to obtain further information on the meetings.

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China to exempt consumption tax on biodiesel

December 29, 2010   Karl   No comments
Biofuel fuel pump

China to exempt consumption tax on biodiesel

China’s Finance Ministry has retroactively exempted consumption tax on pure biodiesel made from waste animal fats or vegetable oils, and will refund taxes already paid over the last two years.

The policy is backdated to January 1, 2009, the ministry said in a statement on its website late on Friday (www.mof.gov.cn).

It will make the production of biodiesel cheaper by 900 yuan ($135.4) per metric ton, it added.

The move is aimed at “boosting the renewable resources sector, easing demand for petroleum and protecting the ecological environment”, the ministry said in a statement.

It will make biodiesel producers more competitive in the fuel sector and help ensure waste edible oils are not reused for human consumption, it added. China aims to produce 2 million metric tons of biodiesel by 2020 and almost all of its current facilities use waste cooking oil. China’s major biodiesel producers include Gushan Environmental Energy Ltd and China Biodiesel International Holding Co. Ltd.. ($1=6.645 Yuan)

Source and Thanks Reuters

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Philippine Bioethanol producers rejoice as imported Bioethanol Tariff to be raised to 20%

November 15, 2010   Karl
south_africa-Biofuel

Imported Bioethanol Tariff to be raised to 20%

Much awaited good news for Philippine Bioethanol producers, that the government will issue an Executive Order effectively raising the tariff of imported bioethanol to 20% from the existing 10%. This will be done in order to protect local bioethanol producers in hopes of keeping the fledgling industry alive.

A couple years back the Philippines implemented the Biofuel Law which calls for mandatory mixing of biofuels into the fuels sold at the pump in hopes of reducing the need of fuel that had to be imported by growing its own local biofuel.
While the local bioethanol industry was being established and trying to ramp up production, oil retailers would be allowed to import bioethanol in order to meet the demands of the biofuel law. However with only a 10% tariff imposed on the imported bioethanol, it was far more cheaper for the oil retailers to import instead of buying locally. This had been a point of contention for the local bioethanol producers with nobody buying the bioethanol they produce.

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Biofueled New Zealand closer as Gull takes leap

October 03, 2010   Karl
biofuel newzealand

Energy Minister Pansy Wong fills a Holden with Gull's biodiesel blend

New Zealand has its first biofuel station now that every pump at Gull’s Albany station delivers a biofuel blend. But eco warriors in search of a fully sustainable lifestyle will have to wait a while; there’s still very little biofuel in each litre.

Although modern cars can use biofuel blends, many older cars cannot, and few can boast the E85 capability – 85:15 ethanol-petrol – of Holden’s latest Commodore.

AA technical advice manager Jack Biddle says though the Energy Efficiency and Conservation Authority believes biofuel is bullet proof, “If you listen to the new car industry, they say talk to the manufacturer of the car you own for guidance on whether it’s compatible. You get to a certain age at which they say it’s not recommended, and each has its own set of rules.”

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Indonesia to impose a 2% export tax on biodiesel

September 30, 2010   Karl
borobodur indonesia

2% Export Tax on Biodiesel

Indonesia, a burgeoning exporter of biodiesel in Southeast Asia, will impose a 2% export tax on biodiesel for the first time in October, trade sources said this week.

Indonesia uses the average crude palm oil, or CPO spot prices in
Rotterdam to set its export tax on CPO and its derivatives every month. It
will raise its export tax on CPO to 7.5% in October from the current 6%, which sources said was due to rising global palm oil prices.

The export tax is aimed at restricting the flow of CPO exports so that cooking oil supply in the country would be guaranteed, mitigating fears of a shortfall in this staple commodity.

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