New Zealand could lose $147 million in taxes with ethanol blend

November 12, 2012 |

In New Zealand, Z Energy says that the government could lose $147 million if all gas supplies switch to ethanol blends like it is planning to do, because ethanol receives a tax exemption of 49 cents per liter. The company, which is looking to invest in ethanol bulk storage, expects to save $49 million per year by switching to ethanol blends.

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Category: International

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