News & Articles

Green Biofuels Ireland Biodiesel Plant Under Construction

Green Biofuels Ireland intends to commence production of biodiesel from oil seed rape, recovered vegetable oil and animal fats in 2008. The raw materials for the biodiesel production will be sourced principally from the company's shareholders, which include existing RVO handlers, as well as the Wexford Farmer's Co-op, which has 4,000 farmer shareholders.   The plant will produce 34m litres of biodiesel per annum. The project has received an allocation of excise relief under the Department of Communications, Marine and Natural Resources' "Biofuels Mineral Oil Tax Relief" Scheme, which was launched last year and will be rolled out between 2006 and 2010. In February 2007, Minister Dempsey announced that Ireland would move to a biofuels obligation in 2009, where fuel suppliers would be required to ensure that biofuels represent a certain percentage of their annual fuel sales. In announcing the obligation, the Minister set targets of 5.75% market penetration by 2010 and 10% by 2020.

According to the Minister  "The obligation will provide long-term certainty in the market for companies such as Green Biofuels Ireland, and will provide significant further scope for the agricultural sector to become involved in biofuels production.