New Zealand launches first commercial biofuel

New Zealand launched its first commercially available biofuel Wednesday.

WELLINGTON: New Zealand launched its first commercially available biofuel Wednesday.

The fuel is made up of 90 per cent petrol and 10 percent bioethanol made from cows' milk.

Prime Minister Helen Clark, who has previously said New Zealand should aim to be the world's first greenhouse gas-neutral nation, said the launch was a step towards the country achieving energy sustainability.

"The transport sector accounts for 40 per cent of our carbon dioxide emissions," Clark said.

The government has ruled that oil companies' sales will have to be made up of at least 0.2 per cent biofuels by next year and 3.4 per cent by 2012.

The new fuel will be sold by Gull, a small chain of 30 petrol stations operating in the country's North Island.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › New Zealand launches first commercial biofuel
Text Size:AAA
Success
This article has been saved

*

+