Subject : Biofuel Economic Advantages Source : You Magazine

News : Biofuel means a lot for our economy in terms of imports and exports. The more fuel we can produce the less money has to be spent on petrol bought overseas when there’s a shortage.Experts believe the new “mealie petrol” could provide 10 per cent of SA’S petrol needs. And it’s cheaper to produce ethanol from mealies than petrol from crude oil because oil prices are high.Economists predict biofuel will create many job opportunities:a biofuel plant can employ up to 10000 people.Small mealie farmers can dedicate part of their crops to the manufactur of biofuel and thereby earn more income.The last time SA had a mealie surplus there were more than three million tons in excess. In future surpluses will be used to make ethanol.