Market News 
03.19.08
India Bans Cooking Oil Exports
India has banned exports of all cooking oils for a year to improve domestic supp...
03.18.08
Brazil May Move To 3% Biodiesel in 2007
Brazil’s National Council for Energy Policy has published a resolution to increa...
03.17.08
EIA Sees US Gas At $3.50 Per Gallon for Spring
The Energy Information Administration has revised upward its price forecast for ...
03.17.08
NYMEX to Launch NY Harbor Ethanol Futures Contract
The New York Mercantile Exchange, Inc., a subsidiary of NYMEX Holdings, Inc, ann...
03.14.08
Argentina Raises Biodiesel Export Tax
Argentina has raised the flat-rate export duty on biodiesel from 5% to 20% and i...
03.13.08
Japanese Firm Establishes $220 Million VC Fund
Japan’s Mizuho Capital Co, a venture capital firm affiliated with Mizuho Financi...
03.12.08
Agricultural Commodities May Sustain High Prices
According to an analysis by economists with the Food and Agricultural Policy Res...
03.11.08
Indian Oil Companies To Invest $600 Million in Brazilian Ethanol Projects
Indian state-owned oil companies plan to invest $600 in ethanol plants in Brazil...
03.10.08
China Is Largest Edible Oils Market
China has emerged as the largest edible oils market, accounting for 30% of the w...
03.07.08
Finland Biodiesel Production May Reach 200 MGY
Finland's biodiesel production could reach 200 million gallons per year if all p...
US May Adopt 36 Billion Gallon RFS
12.07.07
The US House of Representatives has passed the Energy Independence and Security Act to expand the nation’s Renewable Fuels Standard (RFS) to 36 billion gallons by 2022.
The legislation specifically requires that 500 million gallons of biodiesel and biomass-based diesel fuel be blended into the diesel pool in 2009, gradually increasing to one billion gallons by 2012.
The bill extends the biodiesel tax incentive through Dec. 31, 2010, but excludes co-processed renewable diesel from receiving the tax credit along with foreign-produced biodiesel brought to the US then exported.
Before the legislation can become law, it must be passed by the US Senate and signed by the president. The White House has indicated it may veto the bill if passed into law as the House version.
About World Energy