January 30, 2007
Thailand sets targets for biodiesel
Bangkok, Thailand – The Energy Ministry of Thailand has set revised biodiesel consumption targets of 500,000 litres per day for 2007, increasing to 4 million litres by the end of 2011, according to a report by the Green Car Congress. The new targets would offset diesel consumption by as much as 7 per cent.
Combined with the use of ethanol and natural gas for vehicles, the new biodiesel targets could help the country save about 18 per cent on consumption of petroleum-based motor fuels, according to the Ministry.
More than 300 service stations are planned for biodiesel distribution throughout the country. The Ministry is also considering using a state oil fund to help lower the retail price of biodiesel against the price of diesel, in order to encourage motorists to switch.