Industry News 
09.26.08
DuPont Opens Biotech Research Facility
DuPont India has opened its first biotech research facility at the DuPont Knowle...
09.25.08
Indonesia to Implement Biodiesel Mandate
Indonesia is likely to implement a 2.5% biodiesel blend mandate in the industria...
09.25.08
US Senate Approves Energy Tax Extenders Package
The US Senate on Tuesday approved an energy tax extenders package by a 93 to 2 v...
09.23.08
Brazil to Promote Biofuels at UN General Assembly
Brazil’s president will defend biofuels at the 63rd UN General Assembly, stressi...
09.22.08
US and Colombia Sign Renewable Energy Agreement
The US and Colombia have signed an agreement to share technology for the develop...
09.19.08
Italy To Increase Biodiesel Output
Italy will stick to its goal to boost biodiesel output despite the European Parl...
09.18.08
Mexico to Sign Agreement for Biofuel Research
Mexico plans to sign several cooperation agreements with Brazil, China, and Viet...
09.17.08
US House Approves Energy Tax Credit
The US House approved an energy package Tuesday by a 236 to 189 vote that would ...
09.16.08
Greenhunter Announces Production at Houston Plant
On Friday, GreenHunter Biofuels announced it had achieved 65% of nameplate produ...
09.15.08
The Indian Union Cabinet has approved a biofuel policy that aims to achieve 20% ...
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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