Industry News 
11.10.08
Grants Awarded to MN Renewable Energy Projects
Eight renewable energy projects in Minnesota will receive nearly $3 million in s...
11.07.08
Largest Bulgarian Biodiesel Plant Opens
Zarneni Hrani Bulgaria AD has opened its new 100,000 mt biodiesel plant, expecte...
11.06.08
Argentine Biodiesel Capacity To Grow
The Argentine Renewable Energies Chamber projected in a study that Argentina wil...
11.05.08
Obama Planning Billion-Dollar Renewable Energy Fund
Soon to be US President, Barack Obama, is planning a $150 billion fund for biofu...
11.04.08
First Biodiesel and Green Convenience Store To Open
Simply Green Biofuels will open the first biodiesel station and "con-green-ience...
11.03.08
Malaysia Implements Biodiesel Mandate
The Malaysian cabinet has decided to implement a 5% biodiesel blending program b...
10.31.08
Australia Launches Second Generation Biofuels Program
The Australian Minister for Resources and Energy has launched the Australian gov...
10.29.08
US DOE Awards Renewable Energy Grant
The US DOE has awarded a $1.5 million grant to a group of renewable energy compa...
10.28.08
Brazil Reduces Biodiesel Taxes
Brazil’s government has cut the PIS and Cofins taxes on biodiesel sold in the do...
10.27.08
Pennsylvania Launches Biodiesel Incentive
The Pennsylvania Department of Environmental Protection has launched a biodiesel...
Goldman Sachs Forecasts $105 Bbl Oil in 2008
02.08.08
The commodities chief at Goldman Sachs warns that vulnerable regions of the world face the risk of famine over the next three years if rising energy costs spill over into a food crunch.
Goldman Sachs forecasts that oil will be priced at $105 a barrel by the end of 2008 and warns of a ‘crisis mode’ across the commodity complex in the next 18 to 36 months.
World oil production has been stagnant for four years, failing to keep up with increasing demand from Asia and the Mideast, and biofuels are helping to plug the gap, taking crops away from food production. Land use for biofuels has surged from 12 million ha to more than 80 million worldwide over six years, and while biofuel provides 3% of world energy needs now, this will rise to over 10% by 2030, Goldman says.
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