Archive for the ‘Economy’ Category
Biofuel: a new export resource of Russia?
It’s not a secret that nowadays’ Russia is far behind of the EU countries in its alternative energy development. Nevertheless, the green energy subject everyday attracts more the attention of Russian businessmen and politicians, especially thanks to the fact that in the market of high traditional fuels’ prices, renewable energy projects become more rentable day by day.
This refers particularly to with biodiesel and bioethanol, products with a great exportation potential. Russian companies believe that special regulations regarding the content of biofuel in diesel fuel and gasoline approved by most of European countries will boost the sector. Although the Russian interior market has no similar regulations, the so-called “ecological” blends are already available for motorists in many regions of the country. Taking into account that the fuel price in Russia is more expensive that in US and many other countries of the world, it seems clear why vegetable oil and spirit are so readily added in Russian motorists’ tanks.
Nevertheless, the EU is the bigger import strategic market for Russian biofuels- producers. Russian Union of Industrialists and Entrepreneurs (RSPP) estimates that 25 biofuel production sites will be in function in very close future (1). I believe that this number implicates only large-scale assets, without taking into account small sites which grows like mushrooms after the rain. Judging by Russian press monitoring, to which I dedicate myself professionally, biofuel projects have been launched recently with a rather high frequency, and foreign investment funds are usually participates in them.
Биотопливо: новый экспортный ресурс России?
Не секрет, что по развитию возобновляемых источников электроэнергетики Россия значительно уступает странам европейского союза. Тем не менее, тема зеленой энергетики все чаще занимает умы российских бизнесменов и чиновников, чаще всего в силу того, что вследствие роста цен на традиционные источники энергии, проекты в области альтернативной энергетики становятся все более рентабельными.
