Industry News

10.28.09

EBB Voices Concerns on US Low-Blend Biodiesel Exports

The European Biodiesel Board is claiming that US biodiesel exporters are shippin...

10.28.09

Canada Looking to Expand Biodiesel Production

Canada's biodiesel industry is looking to expand its biodiesel production capaci...

10.28.09

Nebraska Biodiesel Plant Closes

Northeast Nebraska BioDiesel, Nebraska's only commercial-size soy biodiesel plan...

10.28.09

Reservations Expressed at Climate Bill Hearings

At the start of an EPW hearing, Senate Finance Chairman Max Baucus expressed "se...

10.26.09

China Clean Energy Commences Construction of New Biodiesel Plant

China Clean Energy has announced the completion of construction of its 100k ton/...

10.26.09

EPA Diesel Emission Reduction Program Shows Progress

EPA reported to Congress last week that its $50-million Diesel Emission Reductio...

10.26.09

House Bill Proposed to Extend Biofuel Tax Credits

A House bill introduced this week by Rep. Deborah Halvorson would extend a handf...

10.26.09

El Paso Biodiesel Plant to Expand

Global Alternative Fuels plans to increase production from 5-million gal/yr to 2...

10.26.09

Biofuels Pump Program Launched in North Dakota

North Dakota Gov. John Hoeven announced last week a new $2-million biofuels blen...

10.26.09

Draft Global Warming Bill Released Friday

Late Friday, Sens. John Kerry and Barbara Boxer released a complete draft of the...

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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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