Saturday, July 14, 2007

Following Oil Boom, Biofuel Eyed In Africa

TRADE: Following Oil Boom, Biofuel Eyed In Africa

By Michael Deibert

Inter Press Service

PARIS, Jul 13 (IPS) - While oil profits have flooded into countries such as Angola and Nigeria in recent decades, some African observers see new potential for the continent in the form of increasingly in-demand biofuels.

Biofuels, loosely defined as liquid or gas fuels derived from biomass, produce significantly less ozone-damaging carbon emissions than fossil fuels such as coal and petroleum. A large swath of southern Africa, including Angola, Mozambique and South Africa, is proving fertile ground for those seeking an alternative to fossil fuels.

It is a development that has not escaped the notice of Europe.

Read more here.

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