Tax cuts ‘are needed to boost the biofuel industry’

THE Government has been told that it needs to start thinking urgently about introducing a tax exemption on biofuels so that the country’s “oil fields” can be tapped.

It follows increased interest in the development of ethanol from beet crops as an alternative motor fuel following Greencore’s decision to close Carlow sugar factory next month.

Ironically, the company commissioned a study six years on the feasibility of producing ethanol in Mallow from surplus sugar beet and presented a copy to the Department of Agriculture and Food.