Financial crisis undermining biofuel market
Posted in Forest on November 2nd, 2008 by iip – 1 Comment
- Image by hollin.elizabeth via Flickr
What happen to smallholder biodiesel-material producers when major biodiesel consumers are bumping into financial crisis? This is likely a drastic situation after biofuel (both ethanol and biodiesel) market came up in highest demand last year.
Did you know the predicted consumption of biofuels by 2030 is just over 140 millions tons of oil equivalents? A recent report of RRI says this prediction is based on the ‘with subsidy’ case, which, in a very conservative estimate would require an additional 35 million hectares of land. This prediction was taken before the financial crisis come out.
