MEXICO CITY (Reuters) - Mexico said on Monday it will issue permits to companies for the first time to produce biofuels in a bid to cut emissions from cars and boost incomes for impoverished farmers.
The energy ministry said in a statement that companies will be allowed to produce ethanol and biodiesel, which can be used as additives in gasoline and diesel.
The government said in December it would encourage biodiesel production over ethanol because it would be hard for Mexican companies to compete against Brazil and the United States in ethanol production.
Importance: Mexico is trying to go green; however now might not be a good time considering the current agricultural problems. Now not only will Mexican crop prices go up but imported food prices will rise as well putting strain on many of the lower class Mexican citizens.
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