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Cabinet of Ministers of Ukraine : Bioethanol production will boost the alcohol and sugar industries

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04/01/2013 | 07:15am EST

This year the Governmentcontinues todevelop alternativefuel sources, in particular, to increase theproduction of bioethanol.It is provided by the State Program of activation ofthe economic developmentfor 2013-2014. To do this,a number ofdistilling plants will change the line of business. This inturn will makesuch businessesprofitable;it also helps to reducedependence on importsof light oil products, as well as ensures compliance withthe lawon adding biological components in gasoline.This was announced bythe Minister of AgrarianPolicy and FoodMykolaPrysyazhnyuk.

"Over nexttwoyears we plan to change the line of business of 29distilling plants.These plants will beengaged in the productionof bioethanol, and they produce about360 000tonnesof bioethanolannually.Thiswill significantly increasethe level of energyindependence of the state, reduceenergy imports, primarily light oil,"MykolaPrysyazhnyuknoted.

The Ministeralso recalled thatunder the law,in 2014a mandatoryshareof bioethanolin the fuelis 5%.

"I am convincedthatwe will be ableto revivethe alcoholindustry.And we chosethe right way:the future lies with alternative sources of energy.Especially we have to meet the requirementsof legislation, as from 2014year the 5% share of bioethanolin the fuelbecomes mandatory,"MykolaPrysyazhnyuknoted.

The Minister also noted that sugar refineries will have the ability to provide alternative fuel sources. In particular,depending on marketproducershave to choosewhat to produce, - sugar orethanol.

"Sugar production industry produces sugar more than it is consumed in the country. The rest of sugar we export. However, the producers do not lose money when the price for the product is minimal as it has been this year we offer them to change the line of business too. Depending on market producerswill choose to produce ethanol or sugar," MykolaPrysyazhnyuknoted.

Onchanging the line of business in2013will be allocatedUAH 209.8million andin 2014 - UAH140.2million.

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