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Bio Diesel News Monday September 4th 2006
Biodiesel Growth Projection Strong, Substance in Policy May Help
"According to the executive summary contained online, biodiesel production tripled in the last year, from about 50 major plants in the USA, and that at least 50 new plants are already under construction to meet the projected growing demand. They say that production is expected to double again by 2007."
A Slicker Soybean
While a number of oilseed crops can be crushed and processed into biodiesel, soybeans remain the primary feedstock in the U.S., supplying 85% to 90% of current fuel production. The reason is simply economic - other oilseed crops cost more and are grown on fewer acres. If given the choice, however, many biodiesel producers would choose to use an oilseed like canola to make their fuel product. Canola contains roughly 40% oil versus 20% in soybeans.
No biofuel boost for beet farmers
ugar beet growers around Bury St Edmunds are unlikely to benefit from a move to biofuels, it has been revealed. British Sugar is investing in a new biofuels plant at its site at Wissington, near Downham Market, and expects to be producing biobutanol by next year. But sugar beet farmers around Bury St Edmunds will continue to supply the town's plant rather than the new biofuels facility at Wissington and a spokesman said it was unlikely a replica facility would then be built in Bury.
A global markets Overwiew
The truth is that for the foreseeable future, oil will remain the world's key transportation fuel. While fuel cells and other fuels of the future may generate their share of hype, none will be commercially viable for years. But just because we can't replace crude doesn't mean we can't profit from alternative energy sources that are potential partial replacements for crude. Even if alternatives continue to capture only a small part of the giant global market for transportation energy, the investment implications are enormous.
Sumter County may get biodiesel plants
Initial proposals for two biodiesel plants in Sumter County have supporters hoping they may lead to jobs for one of the most economically impoverished counties in Alabama. Sumter County Attorney Drayton Pruitt said he has proposed construction of a biodiesel facility on a 50-acre site at the port in Epes. He plans to build a second plant later that would produce ethanol. Pruitt said he has launched the Millennium Co. to develop the alternative fuels. Mark Warner, chief operating officer of Millennium, said the company wants to build a facility and start biodiesel production in eight to nine months.