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 ...
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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