View Full Version : High palm oil prices slow biodiesel production in Asia

15th January 2008, 09:20 AM
(automatically updated/inserted from The Envirofuels Blog)

Reuters are reporting that even with oil approaching $100 a barrel companies in Asia who have invested tens of millions of dollars in biodiesel plants are struggling to make money due to the high price of their palm oil feedstock.Crude palm oil now costs just over $1,000 a tonne, while petroleum-based diesel fuel trades at about $780 a tonne in Singapore. When you factor in production costs that are approximately 30 percent higher than that of regular diesel it isn't hard to see why quite a few biodiesel plants have stopped production.

Please click this link to read the full article on the Envirofuels website. (http://envirofuel.com.au/2008/01/15/high-palm-oil-prices-slow-biodiesel-production-in-asia/)