Ireland: Maxol Calls for Biofuel Review
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Tuesday, 14 October 2008 |
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Falling biofuel sales at Maxol has created frustration and call for biofuel review at Government level.
Just three years after it introduced a blend of ethanol and petrol suitable for "flexifuel" vehicles, Maxol says Ireland is at a "significant crossroads" in relation to the uptake of biofuels.
Sales of flexifuel cars have slumped since changes were made to Vehicle Registration Tax (VRT) rules last July. As a result, sales of the bioethanol mix that powers these cars have stagnated, according to the company, which has expressed its worries about the viability of the product in a letter to the Minister for Finance. Maxol believes that we are at a significant crossroads in relation to biofuel uptake.
PetrolWorld has been in contact with Mr Noonan on various occasions before October on the issue of biofuels/alternative fuels, falling sales and market share. The results of our review of the Irish market will be published in the near future.
PetrolWorld 131008
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