JAMAICA – In an effort to reduce reliance on petroleum-based fuel in Jamaica its government is seeking billions of dollars for biofuels investment.

Phillip Paulwell, minister of Science, Technology, Energy, and Mining, was quoted by local news sources as saying that a ‘biofuel energy source, if developed, could attract investments and create job opportunities’, reports Biofuels International.

“I think we are now on the right path to achieving a tremendous investment in this area and $7-$8 billion (€5.2-6 billion) worth of investment potential is not something that we should be scoffing at and indeed it should be promoted and not just by the government,” he added.

Read more