South African blending mandate could lead to further price increases, Norton Rose warns

October 1, 2012 |

In South Africa, recent blending mandates that require minimum blending of 2% bioethanol have prompted a prominent law firm, Norton Rose, to release a warning that the requirements could lead to further price increases. According to the government, the policies aim to develop the local biofuels industry in an attempt to attract investment in rural areas and promote agricultural development. According to the law firm, the policies are aimed “addressing poverty” and “stimulating black economic empowerment”; the government had “apparently not made much effort to consult the feed industry on the economic consequences of the off-take of these by-products.”

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Category: Policy

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