Ethiopia sets up state-owned company to develop biofuels, fossil fuels and mining

In Ethiopia, the government has set up a state-owned Mineral, Petroleum and Biofuel Corporation will the goal of establishing biofuel as well as fossil fuel and mining operations in the country. Currently, the vast majority of biofuels used in the country comes from molasses-based ethanol following failed attempts at jatropha and castor for biodiesel. Biofuels and renewable energy remain a key part of the landlocked country’s policies to achieve energy independence. Exploration over the past 40 years have indicated potential mineral and fossil fuel resources could be viably extracted as well.