Market News

04.07.08

Kenyan Company Plans $330 Million Biofuel Project

Kenya-based Mumias Sugar Company is planning a $330 million biofuel project, inc...

04.04.08

Germany Steps Back From E10

German Environment Minister Sigmar Gabriel said today he had stopped government ...

04.01.08

US Soybean and Wheat Crops To Increase in 2008

U.S. farmers will plant more soybean and wheat this year after prices reached re...

03.31.08

US Food Costs Increase By 8%

The American Farm Bureau Federation’s quarterly Marketbasket Survey, an informal...

03.28.08

Malaysian Palm Oil Futures up 15%

In Malaysia, crude palm oil futures have risen nearly 15% since the start of the...

03.27.08

Brasil Ecodiesel Reports $22 Million Loss

Brasil Ecodiesel said it produced 53% of Brazil's total biodiesel output in 2007...

03.26.08

Argentine Farmers' Strike Enters 14th Day

A strike by Argentine farmers over increased export taxes for their products ent...

03.25.08

Shell & ExxonMobile May Sell UK Biofuels Company

Media reports says that UK biofuels company Infineum, co-owned by Shell and Exxo...

03.24.08

Heating Oil Prices Hit New High

Record high crude costs and weather-related demand have taken heating fuel price...

03.20.08

US Firm To Build 1000 Biofuel Fueling Stations

Delaware-based Alternative Fuel Distributors, Inc (AFD) says it plans to build a...

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Biodiesel Investments Slowing In Southeast Asia

04.30.08

Plans to invest billions of dollars in biodiesel refineries across Southeast Asia have been put on hold as the prices of key feedstocks, particularly palm oil, have shot up amid surging food demand in China and India, according to the Wall Street Journal.

Southeast Asian biodiesel projects were forecast to produce five million metric tons of biodiesel a year upon completion, about half of Europe's total refining capacity in 2007.

The Indonesian government has said that $12.5 billion in new biofuel investments are in the pipeline for that country alone, but due to the current situation, many palm oil producers are now refocusing on more traditional products such as cooking oil.



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