Registered users can save articles to their personal articles list. Login here or sign up here

SA looks to kickstart its biofuels industry

The tabling of the biofuel framework is to be approved before March 2019.

South Africa hopes to finalise its biofuels regulatory framework by March next year, the energy minister said on Monday, almost a decade after the policy to promote biofuels like ethanol and biodiesel was first approved.

A net importer of crude, Africa’s most industrialised economy wants biofuels initially to meet 2%, or about 400 million litres, of the country’s annual fuel consumption to wean itself off oil imports and improve the trade balance.

However, regulatory uncertainty centred on financial support incentives to manufacturers has choked investment since the approval of a national biofuels strategy in 2007.

“The department will be tabling this biofuel framework to cabinet for its consideration and approval before end of March 2019,” said Jeff Radebe in a speech prepared for an energy conference in Cape Town.

The framework deals with, among other things, the mandatory purchase of biofuels by licensed manufacturers and feedstock plans that do not compromise food security, said Radebe. 

Get access to Moneyweb's financial intelligence and support quality journalism for only
R63/month or R630/year.
Sign up here, cancel at any time.


To comment, you must be registered and logged in.


Don't have an account?
Sign up for FREE

When oil dropped, biofuels were taken off the table. Now we are back at $80 and wanting to restart biofuels.

Sounds like the CT water issue over again – they were supposed to implement desalination but the rain came. When the drought comes back, desalination will be back on the table.

Seems like a pattern in SA don’t you think?

End of comments.


Insider GOLD
ONLY R63pm

Moneyweb's premium subscription is a membership service which will give you access to a number of tools to take charge of your investments.
Or choose a yearly subscription at R630pa - SAVE R126

Get instant access to all our tools and content. Monthly subscription can be suspended at any time.



Follow us:

Search Articles:Advanced Search
Click a Company: