Germany Aims to Double Ethanol Content by Year-End

Germany aims to double the amount of ethanol allowed in gasoline blends by the end of the year, an agriculture ministry official said, a change that may give a boost to domestic biofuel producers including CropEnergies AG.

The ethanol content would be increased to 10 percent by volume from 5 percent now, Clemens Neumann, who heads the ministry’s section responsible for sustainable agriculture and forestry, said today in Berlin.

Biofuel and biodiesel made up 5.4 percent of total transportation fuels last year in Germany. Use of fuels made from plants has fallen in Europe’s largest economy after the government eliminated tax exemptions for consumers.

source: bloomberg