Ernst & Young says France is #4 country for ethanol investment despite elimination of incentives

The Invest in France Agency is touting a study that concluded that France is the fourth most attractive market for biofuel investment. The Ernst & Young’s Biofuels Country Attractiveness Indices for 2007 ranked France second for biodiesel and fourth for ethanol.

Initiatives such as the Grenelle de l’environment scheme, which sets a CO2 reduction goals, are credited with helping to create an attractive investment environment. Recently, INEOS, SICLAÉ and C.Thywissen invested more than $100 million to increase output at the Baleycourt biodiesel facility, while Cargill has announced a $70 million investment in a biodiesel facility in Montoir.

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