Wednesday, May 20, 2009

Government to Fund Biofuel Companies

You are at: Oilgae Blog.

Two Marlborough biofuel companies say a Government decision to provide grants to biofuel companies is a positive step for the industry.

The decision, announced on Tuesday as part of the 2009 budget, will see $36 million allocated to domestic biofuel companies over three years.

Manager Glenn Vile predicts New Zealand Extracts, a subsidiary of Mudhouse Wine Group and Aquaflow could benefit from the grant.

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