US$437 million into SA biofuels projects
Wednesday, March 28, 2007
South African Industrial Development Corporation to invest US$437 million into biofuels projects
South Africa's biofuels developments are speeding ahead, even though criticism exists over the way the government crafted its bioenergy policy. Environmentalists and other stakeholders felt they were left out of the discussions on the sustainability of the proposed biofuels program. This issue aside, South Africa's Industrial Development Corporation (IDC) and its partners have now announced they are looking to invest 3.2 billion Rand (€327/US$437) in two biofuels projects, with first production set for early 2009. ... more
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