Industry News

01.06.10

RAPESEED BIODIESEL DEMAND UP IN EU

Demand for biodiesel made from rapeseed is increasing as temperatures drop in Eu...

01.06.10

BRAZIL EXPECTS TO SAVE BILLIONS WITH NEW BIODIESEL MANDATE

Brazil will save $1.4-billion/yr on diesel imports with its implementation of a ...

01.06.10

BIODIESEL BOAT EARTHRACE CLASHES WITH JAPANESE VESSEL

The biodiesel powerboat, formally called Earthrace, has sunk following a clash ...

12.16.09

Still Unclear If Biodesel Tax Credit Will Pass by Year-end

The US Senate has yet to take up the extension of the biodiesel tax credit passe...

12.11.09

Valero Signs Biodiesel Agreement with Mission NewEnergy

Mission NewEnergy has signed a five-year biodiesel supply agreement with Valero,...

12.11.09

US House Approves Extension of Biodiesel Tax Credit

This week the US House approved, by a 241-181 vote, a $31-billion tax extenders ...

12.09.09

Report Further Touts Biodiesel GHG Reduction

A recent report states that world biofuels production in 2009 has reduced globa...

12.02.09

Indonesia Seeks Investment For Palm Oil Manufacturing Centers

Indonesia plans to develop regional centers for palm oil biodiesel manufacturing...

12.02.09

Poll Reports Most Canadians Support Biofuels

Results of a poll released this week at the Canadian Renewable Fuels Summit show...

12.02.09

Report: Global CO2 Emissions Are 40% Higher Than 1990 Level

A new report, The Copenhagen Diagnosis, concludes that Arctic sea ice is melting...

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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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