New Zealand could lose $147 million in taxes with ethanol blend
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.
Related Articles
Category: International
FREE Subscription
If you enjoyed this article, subscribe to receive the Biofuels Digest email newsletter - the world's most widely read biofuels daily.
Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.