4 August 2005

Ireland: Govt to grant €3m in tax relief for bio-fuels

The Government has announced details of a two year programme of excise relief, worth €3m per annum to support the use of bio-fuels.
The Minister for Communications, Marine and Natural Resources, Noel Dempsey, said the exemption would cover 12 million litres of vegetable oil, two million litres of bio-diesel and two million litres of bio-ethanol.

The Irish Farmers’ Association has welcomed the announcement, describing it as a boost for a fledgling bio-fuels industry. IFA vice president Raymond O’Malley said Irish agriculture had a major role to play in the development of a sustainable bio energy industry.

Source: RTE news Aug 03, 2005.

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