Dublin 9 February 2010

With effect from July this year, the Bill will place an obligation on fuel suppliers to ensure that biofuels comprise 4% of their supplies. The scheme will be administered by the National Oil Reserves Agency (NORA) at no cost to the Exchequer.

It is an important departure for the motor and biofuels industries in Ireland. Biofuels will be an important fuel source for Ireland in the event of a disruption of our oil supplies. It is incumbent upon Government to source sustainable transport and heating fuels in Ireland.

Ireland is already transforming its power generation fuel supply and our overall energy use across the economy. This Bill is another step in this transformation

ENDS