March 5, 2010

Nigeria set to build a biofuels refinery

One of the biggest reasons for biofuels not taking off in Africa, despite immense potential, is the lack of demand side development. The smallholders can grow the crops but they don't have the ability to sell them to European refineries. A local refinery has always been necessary but no one has been willing to invest in one without first ensuring that the supply side is guaranteed -- which is often difficult when you are looking to deal with potentially thousands of smallholder farmers to supply you with the feedstock.

Given that, government investment in a refinery is probably how one would need to proceed and this a great first step.

Posted via web from Junaid's posterous

0 comments:

Post a Comment