UPDATE 1-Italy raises 2010-2012 biofuel blending targets

Newswire

* Blending target to rise to 4.5 pct in 2012 * Lagging behind EU goals (Adds details) MILAN, Jan 28 (Reuters) - Italy has raised its obligatory blending targets for biofuels in total car fuel use in 2010-2012 aiming to ease dependence on imported oil and cut carbon dioxide emissions, Economic Development Ministry said on Thursday. Under a new decree awaited by the biofuels industry, a share of biodiesel and bioethanol in the car fuel mix will be raised to 3.5 percent in 2010 from 3.0 ...

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