E10 project launched in Jamaica

Oct 24, 2008 02:00 AM

Energy Minister Clive Mullings is projecting savings of $ 52 mm ($ 3.74 bn) annually from the 10 % replacement of MTBE with sugar cane-based ethanol.
This will translate into a $ 2 per litre difference in the price between E10 fuel and regular 87 and 90 fuel at the pumps, Mullings said at the Terra Nova hotel in Kingston to officially announce the rollout of the more environmentally friendly fuel on November 1.

The minister also said he has initiated discussions with the Ministry of Finance and the Public Service to negotiate for more favourable tax terms on E10 which, if approved, could mean greater savings in price for motorists. The rollout of E10 is a $ 300 mm initiative by the Government, which has mandated as a matter of policy to increase energy uptake from renewable energy derivatives to 15 % by 2015.
Currently, 90 % of Jamaica's energy is generated from imported oil, which at last year bill was over $ 2 bn.

Source / Jamaica Gleaner
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