Nippon Oil begins sale of biogasoline in Tokyo, 6 other prefectures

Mon. June 01, 2009; Posted: 09:57 AM

TOKYO, Jun 01, 2009 (Kyodo News International - McClatchy-Tribune Information Services via COMTEX) -- NPOIF | Quote | Chart | News | PowerRating -- Nippon Oil Corp. began selling biogasoline Monday at 861 of its approximately 2,000 service stations in Tokyo and six other prefectures mainly in surrounding areas, it said.

Biogasoline, regular gasoline mixed with more than 1 percent content of sugar cane and other plants, is sold at about the same price as regular gas, company officials said.

Besides Tokyo, the new fuel is being sold in Tochigi, Gunma, Saitama, Kanagawa, Yamanashi and Nagano prefectures.

The Japanese government is promoting the use of biofuel because it is thought that the carbon dioxide its ingredient plants absorb from the atmosphere will offset the emissions released by cars powered by biogasoline.

Japan's major oil distributors sold biogasoline on a trial basis at a total of about 100 of their service stations in the fiscal year ended in March and plan to substantially increase its sales in the current fiscal year.

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