Xinhua - Lao Gov't to Promote Biofuel Production

2009-0604 - Xinhua - Lao Gov't to Promote Biofuel Production

http://english.cri.cn/6826/2009/06/04/1601s490381.htm

Lao Gov't to Promote Biofuel Production

2009-06-04 16:28:43 Xinhua Web Editor: Hu Weiwei

The Lao Ministry of Energy and Mines said that the government will promote the production of biofuel in the wake of imported fossil fuel price fluctuations over the past year, the Lao newspaper Vientiane Times reported Thursday.

The Lao Ministry of Energy and Mines said that the government will promote the production of biofuel in the wake of imported fossil fuel price fluctuations over the past year, the Lao newspaper Vientiane Times reported Thursday.

Electricity Department Acting Director General Hatsady Sisoulath said the department was now establishing a draft of national strategy on biofuel development, as an important reference for promoting biofuel production in Laos.

The draft is expected to be submitted to the government for approval at the end of this year, said Hatsady at a workshop on " Future Resource Economy and Policies in Laos until 2020" held in Vientiane on Wednesday.

Hatsady said Laos had the potential to produce biofuel because of the abundance of agricultural land and a climate that was conducive to biofuel crop cultivation for supply to processing plants.

The country's biofuel development strategy must be drawn up in cooperation with the various sectors involved, such as the Ministry of Energy, Mines and the Ministry of Agriculture and Forestry, banks when considering loans for investors in this field, and even private sectors if they want to involve in this business, said Hatsady.

If the production of biofuels comes into reality in Laos, this form of energy will constitute about 30 percent of total fuel consumption by 2020 and help the country reduce fossil fuel imports, said Hatsady.

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