Kazakhstan may provide up to 1.5 million tons of grain per year for biofuel production – Agriculture Minister

Astana. May 27. Interfax-Kazakhstan

In future Kazakhstan may provide up to 1.5 million tons of 4th grade and feed grain a year for biofuel production, Kazakh Minister of Agriculture Akylbek Kurishbayev said.

“According to our estimates, each year we harvest approximately 1.5 million tons of 4th grade and off-grade grain, which is the raw material for biofuel,” Kurishbayev told a plenary Majilis session on Wednesday.

According to him, up to 350 million liters of biofuel may be produced out of this quantity of grain.

“Taking into account domestic demand that makes up 150-200 million liters of biofuel, the rest may go for export in the nearest future,” Kurishbayev said.

“Biokhim plant successfully operates in Kazakhstan and produces 4.4 million liters of bio-ethanol that are being exported to European countries,” he said.

Moreover, according to Kurishbayev, Kazakhstan introduced tax remissions for development of bio-ethanol production.

“Following the government’s decision, excise taxes for bio-ethanol were lowered to 0.1 tenge per liter.

Current FOREX rate is 149.96/$1.

http://www.interfax.kz/?lang=eng&int_id=10&function=view&news_id=2692

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