Biofuels player pulls $100m plug on New Zealand plant
1 Aug 2008

Dickon Posnett ... utterly uneconomic.
A British biofuels company is pulling its $100-million investment out of New Zealand, blaming the Government’s Biofuels Bill.
Argent Energy says that bill, due to be passed before the election, will effectively subsidise imported ethanol-based fuels by giving them an exemption from excise duties.
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Story copyright © Carbon News 2008