Mr. James Cogan:

There are masses of it available. It is a commodity produced on a massive scale worldwide. In Europe, we produce a great deal of it. We have 20% of capacity. That is essentially idle, but functioning capacity that can be used.

It is a fairly simple matter of building extra capacity if one needs it. The farm sector has oodles of tillage capacity in Europe. Essentially, we are reducing tillage land area in Europe by a couple of percent a year. We are increasing tillage yields by a couple of percent a year. The entire European need for ethanol and biodiesel, if it were all to come from European tillage land, and even if it were several times today's volumes, could be accommodated by one year's yield increase of Europe production or two years of less tillage land going out of production.

Before we would build processing capacity in Ireland, we would want a very ambitious policy. We would want to increase significantly. We would want to build an extra 50 or 100 plants around Europe, and that would inevitably mean that there would be opportunities for doing it here as well. It would be misleading to say that with only a marginally more favourable policy outlook, we could suddenly have plants around this county. That will not happen either.