Ethiopia has the potential to become the largest Biodiesel producer in the World

By Denis Gathanju, Contributor, December 3, 2010

What is a Biodiesel?

Addis Ababa, Ethiopia -- Policy-makers in Ethiopia, challenged by fluctuating oil prices and poverty, are seeking solutions that will improve the living conditions of its people and boost its fragile economy. One such solution, Ethiopian leaders hope, is renewable energy.

Statistics from the Ethiopian Ministry of Mines and Energy (MoME) indicate that the country spends about Ethiopian Birr 10 billion (US$800 million) annually to import petroleum products for domestic consumption. The figure, according to the MoME represents more than 90 percent of Ethiopia’s earnings from foreign trade each year.  Were the country to tap some of its renewable energy potential, the energy independence it would achieve as a result, would be a boon to the economy.

Because of its location, Ethiopia is perhaps one of the most-suitable nations in Africa for tapping renewable sources of energy not only for its own economy, but also for export into regional economies such as Kenya, which is always looking at enhancing its energy capacity. 

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