LONDON – The European Commission has approved a U.K. scheme for reducing the excise duty on bioethanol fuels for vehicles. Bioethanol fuel is derived from a process that uses plant by-products to produce the ethanol, such as woodchips and algae. This type of fuel differs from alcohol-based ethanol, such as that produced in Brazil from sugarcane, in that the plants used are not grown specifically for that purpose. Ethanol also is made from corn, rapeseed, rye and potatoes. The EC wants ...

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