Tax Hike Would Force German Biodiesel Closures

Tax Hike Would Force German Biodiesel Closures

BERLIN - Germany's crisis-hit biodiesel industry faces further closures if the government goes ahead with plans to further raise biofuel taxes, a biofuels industry leader said on Wednesday.


Germany's government plans to increase taxes on biodiesel in January 2009 to 21 euro cents a litre, from 15 cents, in the next stage of its programme to raise taxes on green fuels to the same level as fossil fuels.
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