Government Looking at Retail Sale of Biodiesel
by Inderia Saunders (The Nassau Guardian) The official opening of Bahamas Waste’s biodiesel plant, which produces the fuel for wholesale distribution, is sparking other developments in the industry, with government officials indicating plans to offer a retail option to consumers.
..(T)the price of gasoline and diesel is currently based on the imported price. Given that biodiesel is now being produced locally, it adds a challenge in terms of how to price it.
…His comments came during yesterday’s official grand opening of Bahamas Waste’s plant, where 500,000 gallons of biodiesel are now being produced per week. The Gladstone Road plant took delivery of its biodiesel equipment last summer. The plant is expected to take the hundreds of thousands of gallons of cooking oil and turn it into clean fuel for its 50-plus vehicles.
Bahamas Waste Chairman Peter Andrews said the company had done much since its opening, adding that its recycling plant for cardboard was also up and running, and was shipping to countries like India and China. READ MORE