Deadline: 1 June 2016
Do you know a green entrepreneur with a promising business plan, or do you own a sustainable start-up yourself? If yes then apply for the 10th edition of the Postcode Lottery Green Challenge 2016.
The Postcode Lottery Green Challenge is the world’s largest competition in the field of sustainable entrepreneurship.
- The winner gets EUR 500,000 to bring his/her business to market.
- The runner-up will receive EUR 200,000.
- The Postcode Lottery Green Challenge is open to any individual from any country from the age of 18 years and to companies, businesses, institutions and all other organisations.
- The Postcode Lottery Green Challenge is not open to:
- Employees of the Dutch Postcode Lottery
- Anyone who has been involved in or will this year be involved in judging the Postcode Lottery Green Challenge
- Immediate family members and/or household members of the individuals
- Parties in which DOEN Foundation directly participates are excluded from entering the Postcode Lottery Green Challenge
- Parties who currently receive subsidies from DOEN Foundation can enter the Postcode Lottery Green Challenge, but if they win any prize money DOEN Foundation and the Dutch Postcode Lottery have the right, at their discretion, to reduce the subsidies.
- All Entries must be in English. Entries in any other language shall not be considered.
How to Apply
Applicants must apply online via given website.
Note: The winner will be chosen by an international jury at the finals in Amsterdam on 14 September 2016.
For more information, please visit Green Challenge.
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said that at the moment, importing Premium Motor Spirit, PMS, also known as petrol, is cheaper than producing the product in the country’s refineries. Addressing newsmen in Abuja, Kachikwu disclosed that until the upgrade and total refurbishment of the refineries are concluded, as well as ensuring that the pipelines are fixed, it would be uneconomic and very expensive to refine PMS locally. He maintained that local refining of PMS would make much more economic sense if all the refineries undergo full set of repairs and Turn-Around Maintenance, TAM, and when new refineries are set up in the country through co-locative initiative. He said: “Most modern refineries are configured in such a way that your stock of PMS outage is a lot higher, 70 to 80 per cent. So when we do import the product, we actually save money; we get it less expensive than when we do it here.
“But having said that, the reality is that until we have alternatives in terms of co-locative refineries which we are looking at; until we finish the total refurbishment to improve and upgrade the refineries, it does not make sense to use it with some of the deficiencies. “This is because distribution is key. If you have product in Kaduna for example, pumping into the north becomes easy as opposed to moving, as we do whenever we have a crisis – trucks all the way from Lagos and Oghara, out to the north.” Kachikwu further noted that even if the current set of refineries were working on a 100 per cent basis, they would only be able to account for 20 million litres of PMS per day, about 50 per cent of the country’s total consumption.
This means that the country would still resort to importation to meet up with the shortfall. He said: “The way the refineries are configured right now, and until a full set of repairs and TAM are done, they are configured on the basis of 50 per cent of PMS and 50 per cent other products. So even if they were producing on a 100 per cent basis, which they are nowhere near producing right now, PMS output would be less than 20 million litres. Our consumption is closer to 40 million. So we will still have, literarily, 50 per cent gap.”
Read more at: http://www.zubbyblog.com/cheaper-import-petrol-refine-locally-kachikwu/