Industry News

07.06.09

Palm Oil Biodiesel Market May Diverge Based on Sustainability

RSPO-certified palm oil imported into the EU is reportedly increasing considerab...

07.06.09

Peru Biodiesel Mandate Continues on Course Despite Issues

In Peru, Repsol and PetroPeru have complained of local biodiesel quality problem...

07.06.09

Canada Slower to Adopt Biofuels

A researcher at the Olds College School of Innovation north of Calgary said biof...

07.01.09

Kinder Morgan Successfully Ships Biodiesel Via Pipeline

Kinder Morgan Energy Partners has announced the first US commercial shipment of ...

07.01.09

Oregon to Enact Low-Carbon Fuel Standard

Oregon Gov. Ted Kulongoski is expected to sign a low-carbon fuel standard, H.B. ...

06.29.09

Ukraine Approves Biofuel Tax Break

The President of Ukraine has approved tax benefits for the country's biofuel ind...

06.26.09

BP May Swap Stake in D1 Oils Jatropha Venture

In the UK, D1 Oils and BP have begun talks focusing on swapping BP's stake in D1...

06.26.09

Brazil To Go Ahead With Biodiesel Mandate

The Brazilian National Energy Policy Council authorized a 4% biofuels blend as t...

06.26.09

Cornell University Launches Biofuel Research Lab

Cornell University in Ithaca, NY has opened a new $6 million Biofuels Research L...

06.26.09

Imperium Sells Seattle Biodiesel Plant

Imperium Renewables has sold its 5-million gal/yr biodiesel plant in Seattle to ...

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China Faces Fuel Supply Crisis

11.01.07

China raised domestic gasoline and diesel prices on Thursday, the first increase in 17 months, as officials respond to a worsening supply situation by easing losses at state refiners. The increase will raise gasoline prices by 9% and diesel by 10%.

Officials hope the price increase will spur refiners to boost production and imports, heading off shortages that have caused gas lines, widespread rationing, and at least one death.

The gap between local and global prices remains wide. Diesel costs about $0.64 a liter at the pump in Beijing, versus around $1 in Singapore and $2 in Britain. Tensions are mounting between the government and its increasingly independent oil firms over who should pay for fuel subsidies.



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