Thai government rejects B3 mandate push

In Thailand, the Bangkok Post is reporting that the Thai government has rejected a push by business to increase the Thai biodiesel mandate from B2 to B3. The B2 mandate commenced in early 2007, and B5 has proven popular with the market, obtaining a market share of around 18 percent of the total diesel market. The B5 price receives a 16-cent government support. The B3 proposal was floated to improve the price of palm oil, which has collapsed in the past seven months.

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