France: the fourth largest potential biofuel consumer in the world
Ernst & Young's latest report on Attractive Investments says that France is a very good place to do business in biofuels. Actually, the country's potential is becoming the second largest biodiesel market and the fourth ethanol market in the world. According to Philippe Favre, president of the French Agency for International Investment, France is already Europe's second biofuel market. Add in the facts that France's "Grenelle de l'Environment" plan aims for even more investment in renewable energies to reduce CO2 emissions, the Transport Federation's commitment to use more biofuels for road freight, and that French marques promote the use of biodiesel and ethanol in their vehicles.
Some examples of investments in the Hexagone are 70 million EUR biodiesel plant in Baleycourt by INEOS, SICLAÉ and C.Thywissen, or Cargill's 50 million EUR investment in Montoir to increase biodiesel production. France has also sponsored nation-wide clusters that help companies in developing new biofuels, as well as setting up new businesses.
[Source: Ernst & Young via Econoticias]
Reader Comments (Page 1 of 1)
A.Brien 4:24PM (12/16/2007)
only hydrogen can garanteed a sustainable realitic futur for energy, hydrogen made from water electrolysis
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GreyFlcn 11:04PM (12/16/2007)
Hydrogen isn't an energy source though.
And in the best case "realistic" applications, it's no better than a diesel car in emissions. (i.e. Reformed Natural Gas)
And in the worse case scenarios, like the BMW Hydrogen 7, it's like driving a bigrig truck in emissions.
California for instance has one of the cleanest electricity grids in the United States, and if you got hydrogen from electrolysis from the CA grid, it would be worse than gasoline in emissions.
http://greyfalcon.net/hydrogen2.png
By comparison, driving using electric coal power would be like driving a hybrid in emissions.
http://greyfalcon.net/plugins3
There's just that big of a thermodynamic difference between the two.
http://greyfalcon.net/hydrogen.png
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