Biodiesel deliveries to Ukraine in 2011 to comprise about 500,000 tons

In 2011 the deliveries of biodiesel fuel to Ukraine will total about 470-500 thousand tons, the market participants forecast.

Thus, summing up the results of 10 months 2011 317,000 tons of biodiesel were delivered in Ukraine in November and, as traders forecast, about 150,000 tons more of this fuel will be delivered in December.

The market players explain the growth in the volume of biodiesel delivery at the end of the year with the expectations for a considerable rise in the excise duty rate for biodiesel beginning from 2012.

As it was reported earlier, the kind of biodiesel delivered to Ukraine is produced by the Belorussian company Triple-Energo from low-sulphur diesel fuel resources (50 ppm and 10 ppm) of LUKOIL company with the bioadditives. According to the Belorussian legislation, the manufactured mixture is not subject to the excise duty which is $268.3 per ton since December 1


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