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Russia proposes grain summit within G8

The leaders of the Group of Eight (G8) countries have agreed to form specialized funds that could help solve the problem of the food crisis, Russian President Dmitry Medvedev told journalists today. He pointed out that Russia had suggested that talks between the agriculture ministers of the G8 countries should be organized, and that a special session, the so-called 'grain summit,' should be held to discuss the reasons and consequences of a rise or stabilization in grain prices for the food market. Medvedev also noted that the leaders of the G8 countries had already agreed to take multi-lateral steps in order to influence the food crisis and gradually start using second generation biofuel.

8 July 2008

Biofuel production may be based on alcohol production

The alcohol sphere may be a base for production of biofuel in Ukraine, First Deputy Chairman of the UkrSpyrt Concern Vitaliy Sosnytskyi told a press conference in Kyiv. According to him, presently the alcohol sector capacities are used only by 52 percent.

8 July 2008

Ukraine will produce alternative hydrocarbon fuel

ompany Siverskodonetsk Azot (Luhansk region, East Ukraine) is planning to build a complex for the production of bioethanol as alternative hydrocarbon raw material, company CEO Valentyn Kazakov said on Wednesday.

8 July 2008 : 1

Financial Express: Aiming for alternate fuels

Describing Brazil, Russia, India and China (Bric) as a unique group' of fastest emerging markets; New Delhi has sought closer quadrilateral cooperation to ensure energy security and development of clean and efficient technologies. The four countries remain significant for energy players. However, new research points out the fact that, while these opportunities are substantial, major challenges need to be overcome if these opportunities are to be successfully commercialised. The Bric markets are heavily intensive and big energy consumers. Despite accounting for just 9% of global GDP, the Bric markets consume 27% of the world's primary energy, 17% of its oil, 19% of its gas demand and around half of global coal demand. With the continuous growth in energy demand, it is becoming increasingly clear that reliance on fossil fuels such as oil and coal as the principle source of energy is an unsustainable long-term position.

11 June 2008 : 1

Russia could become source of biofuel for Europe - Agriculture Minister Gordeyev

Russia could become a source of raw materials for the production of biofuels in European countries, but to do this the government needs to create the right conditions to attract investment in production, Agriculture Minister Alexei Gordeyev told a press conference at Interfax in Moscow on Wednesday.

8 June 2008

Russia's Largest Distillery to Be Built in Lipetsk

A large distillery will be built in the Lipetsk Region in central Russia, to process corn into alcohol and later into bioethanol fuel. The construction will start in June.

8 June 2008

Russia to Supply Biofuels

Russia may become a world leader in the production of biofuels, said Ivan Obolentsev, head of the agricultural commission of the Russian Union of Industrialists and Entrepreneurs. However, there are problems hindering this project in Russia and the world.

8 June 2008

Moldau: industry to cut dependence on oil imports

The Republic of Moldau is to take steps to reduce its dependence on imported oil. Measures include projects to make biofuels. It was announced in Nov 2007 that a bioethanol plant was to be erected in Giurgiulesti.

7 June 2008

Moldau: industry to cut dependence on oil imports

The Republic of Moldau is to take steps to reduce its dependence on imported oil. Measures include projects to make biofuels. It was announced in Nov 2007 that a bioethanol plant was to be erected in Giurgiulesti.

7 June 2008

VTB Bank arranges $150mln loan for Titan Group

VTB Bank has opened $150mln credit line for Titan Group, which intends to build a biotechnological complex worth RUR40bn in Omsk. The project implies construction of a polypropylene-bioethanol plant, of a RUR2.5bn pig-rearing complex with a capacity of 100,000 heads, a meat processing factory and an animal feedstuff producing plant. The new facilities are scheduled to be brought on line in autumn 2008, Vedomosti reported.

26 May 2008

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