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The
Finance Ministry and the state administration of taxation
jointly announced the cuts, saying the measure is designed to
help speed up the development of an alternative transportation
fuel in face of soaring world oil prices.
China
currently is promoting the greater use of DME-powered buses,
Xinhua news agency reported.
In
Shanghai, city authorities plan to add 90 more such buses this
year to the 10 put into operation last year. The target is to
have 1,000 DME-powered buses by 2010, the report said.
DME
is seen as a clean-burning, sulfur-free fuel with low
particulates. It can also be made from natural gas or biomass.
A
Shanghai company began operating a 5,000-ton-a-year DME plant
in 2006.
Chinese
experts have said the cost of redesigning bus engines to run
on DME fuel would be about $1,500.
Source
: United Press International - USA, dated 01/07/2008
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