Industry News 
12.14.07
US Senate Passes Biofuels RFS in Energy Bill
The US Senate has approved an energy bill by a bipartisan vote of 86-8 to establ...
12.12.07
D1 Oils Denounces US Biodiesel Imports
D1 Oils said yesterday that the influx of subsidized US biodiesel to Europe is p...
12.11.07
UK Investors Back Mozambique Sugar Plantation
London-based Principle Capital has raised $70 million from a group of hedge fund...
12.10.07
Ethanol May Boost Fuel Economy
Mid-range ethanol blended-gasoline blends that contain more than 10% but less th...
12.07.07
Exxon Mobil See Rapid Growth for Renewable Energy
In its annual Outlook for Energy, Exxon Mobil forecasts that renewable energy so...
12.05.07
OPEC Will Hold Oil Production Steady
Oil prices rose to around $90 a barrel today as OPEC members said they would kee...
12.03.07
Ethanol Pioneer POET Celebrates 20th Year
Ethanol producer POET is celebrating its 20th year in business. The company was ...
11.30.07
Nestle Oil To Build 800,000 MT Biodiesel Plant
Neste Oil of Finland says it will build the largest biodiesel plant in the world...
11.29.07
EU Looks To Biofuel Sustainability
The European Parliament's Environment Committee has voted to amend the new EU fu...
11.28.07
Greenhouse Gas Hits Highest Level
The World Meteorological Organization said levels of carbon dioxide, the main gr...
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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