New Law for the Development and Promotion of Bioenergy

April 14, 2008
New Law for the Development and Promotion of Bioenergy

The new Law for the Development and Promotion of Bioenergy entered into force on February 1, 2008. The new law seeks toencourage and provide incentives to the agricultural sector to produce “bioenergy,” understood as energy obtained from livingmaterial (biomass) for combustible purposes, such as biofuels, biogas, and biodiesel. With the passage of this new law, it is hopedthat Mexico will develop an alternate and ecologically friendly plan so that it may be energy self-sufficient and, at the same time,comply with international commitments in the energy and environmental arena. In this sense, the bioenergy sector now represents anattractive niche for direct and indirect foreign investment for the array of businesses that engage in bioenergy activities and providerelated services. This gives rise to the need to have adequate legal and technical representation in a given project, as well as thepermits, authorizations and audits required by governmental authorities for a project’s feasibility, through stages of production,generation, transportation and distribution of bioenergy, and its sale, commercialization, importation, etc.

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