Ifo-Institute: Biodiesel Secures 19,000 Jobs in Germany

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For Immediate Release

Ifo-Institute: Biodiesel Secures 19,000 Jobs in Germany

EUROPE, GERMANY, BONN, May. 7 -/E-Wire/-- In its up to date study "Total economic assessment of oil seed rape cultivation for Biodiesel production", the ifo- Institute for economic research in Munich came to the conclusion that this growing production branch secures and creates some 19,000 jobs in agriculture, the processing of raw materials and the marketing of Biodiesel. These jobs are dependent on Germany's 900,000 tons of Biodiesel capacity being supplied by native rapeseed cultivation from 2003 on.

The supposed "tax loss" was also examined. As is already clear, Biodiesel, sold at more than 1,500 german petrol stations, is not subject to the mineral oil tax. But due to the creation of value and multiple effects as well as the saving of the appropriate import quantity of Diesel, tax revenue is developed, which compensates the mineral oil tax loss to 50 per cent and taking into consideration the social security income even up to 80 per cent.

But in the opinion of the Union for the Promotion of Oil and Protein Plants (UFOP) in Bonn the difference is an investment for the environment, for the development of rural space and for new exportable technologies.

Union for the Promotion of Oil and Protein Plants (UFOP)

Dieter Bockey, RheinhardtstraÃe 18, D - 10117 Berlin, Tel.: +49 (0) 30 / 31 90 42 15, Fax.: +49 (0) 30 / 31 90 44 85, E-Mail: [REDACTED-EMAIL]

http://http://www.ufop.de/ifo-engl.pdf

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