Industry News 
02.26.08
Australia May Review Biofuel Targets
In Australia, there are calls for mandatory biofuel targets to be reviewed after...
02.26.08
Mexican Company To Launch $12 Billion Ethanol Initiative
Mexican sugar producer Grupo Santos says it is planning a $12 billion ethanol in...
02.26.08
The EU is facing a possible stalemate over implementation of biofuels sustainabi...
02.25.08
Virgin Atlantic Confirms Success Using Biodiesel
Virgin Atlantic confirmed a successful biodiesel demonstration flight from Londo...
02.22.08
Virgin Atlantic To Test Biodiesel
Virgin Atlantic is due to fly the first commercial aircraft using biofuel. Th...
02.22.08
Pakistan To Support Biodiesel Production
Pakistan’s government will allow duty-free import of plant, machinery, equipment...
02.21.08
Ethanol Pipeline May Come To Brazil
Brazilian state-run oil firm Petroleo Brasileiro SA (PBR) is forming a joint ven...
02.21.08
US House May Consider Energy Tax Provisions
US House Speaker Nancy Pelosi plans to introduce a renewable-energy bill when Co...
02.21.08
US DOE To Launch Biomass Research Project
The US Department of Energy is beginning a three-year $3.2 million research proj...
02.20.08
First US Ethanol Pipeline Being Assessed
Magellan Midstream Partners LP and Buckeye Partners LP are assessing whether to ...
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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