Reloria
07-02-2006, 15:18
Jealia Metropolis, Reloria (RPNN) -- Jealia-based company Heelo Enterprises today announced plans to construct a J-120,000,000 bio-diesel production plant three miles within the Jealia border.
The bio-diesel plant is expected to produce some 400,000 tonnes of fuel per year. Made from vegetables such as rapeseed, bio-diesel does not contribute to global warming, due to the fact that all carbon dioxide released was originally absorbed from the atmosphere by the plants during their growth. Additionally, it is estimated to produce up to 60% less toxic emissions than regular petro-diesel - toxins which can cause damage to the environment in the form of acid rain and smog. Most modern diesel automobiles can use the fuel without modification, though presently only a few hundred pumps are available across the entire country.
The government has welcomed the effort, awarding Heelo Enterprises with numerous tax incentives and a grant of J-10,500,000 to help fund the construction of the plant. The new government is keenly interested in environmental protection schemes and the exploitation of alternate fuels, and is presently dealing with a severe oil crisis. Previously, petrochemicals were directly imported from the Empire to satisfy demand. Once the Empire withdrew from Relorian affairs, however, it also ceased its imports, leaving Reloria with a large oil deficit. Reserves continue to drop, and prices at the pump continue to increase accordingly. The government has hinted at the possibility of fuel rationing if a solution cannot be found soon.
Economists state that additional bio-diesel production will not only ease the demand of oil, but also drive down the costs of bio-diesel itself. Presently, prices are still J-0.35 per litre higher than regular fuels, despite the fact that they have 80% less tax imposed on them than regular fuels. Further production is expected to increase supplies and thus, drive down the prices. Additional pumps are also to be installed at fuel stations around the country, to make the fuel more available.
Public Relations Executive for Heelo Enterprises Ms. Relissa Barr told press earlier today, "construction of the plant is expected to be completed in the next two years, at which point full production of [the fuel] can be achieved. The plant will be modular in design, however, meaning that we can make sections of it operational as construction on other sections continues, at a rate of one eighth at a time. The local economy will benefit from the sudden influx of a J-1,800,000,000 enterprise - jobs will be created, and the local government will have significantly more tax revenue. All of this, and we will be able to breathe a little easier. It's a win-win scenario for everybody."
Heelo Enterprises has suggested that depending on the success of their Jealia plant, they have plans for two similar facilities to be constructed over the next five years. Other companies have also expressed an interest in joining the 'green fuel race'.
The bio-diesel plant is expected to produce some 400,000 tonnes of fuel per year. Made from vegetables such as rapeseed, bio-diesel does not contribute to global warming, due to the fact that all carbon dioxide released was originally absorbed from the atmosphere by the plants during their growth. Additionally, it is estimated to produce up to 60% less toxic emissions than regular petro-diesel - toxins which can cause damage to the environment in the form of acid rain and smog. Most modern diesel automobiles can use the fuel without modification, though presently only a few hundred pumps are available across the entire country.
The government has welcomed the effort, awarding Heelo Enterprises with numerous tax incentives and a grant of J-10,500,000 to help fund the construction of the plant. The new government is keenly interested in environmental protection schemes and the exploitation of alternate fuels, and is presently dealing with a severe oil crisis. Previously, petrochemicals were directly imported from the Empire to satisfy demand. Once the Empire withdrew from Relorian affairs, however, it also ceased its imports, leaving Reloria with a large oil deficit. Reserves continue to drop, and prices at the pump continue to increase accordingly. The government has hinted at the possibility of fuel rationing if a solution cannot be found soon.
Economists state that additional bio-diesel production will not only ease the demand of oil, but also drive down the costs of bio-diesel itself. Presently, prices are still J-0.35 per litre higher than regular fuels, despite the fact that they have 80% less tax imposed on them than regular fuels. Further production is expected to increase supplies and thus, drive down the prices. Additional pumps are also to be installed at fuel stations around the country, to make the fuel more available.
Public Relations Executive for Heelo Enterprises Ms. Relissa Barr told press earlier today, "construction of the plant is expected to be completed in the next two years, at which point full production of [the fuel] can be achieved. The plant will be modular in design, however, meaning that we can make sections of it operational as construction on other sections continues, at a rate of one eighth at a time. The local economy will benefit from the sudden influx of a J-1,800,000,000 enterprise - jobs will be created, and the local government will have significantly more tax revenue. All of this, and we will be able to breathe a little easier. It's a win-win scenario for everybody."
Heelo Enterprises has suggested that depending on the success of their Jealia plant, they have plans for two similar facilities to be constructed over the next five years. Other companies have also expressed an interest in joining the 'green fuel race'.