Special Feature
This is a video report about
World Business: A couple of
years ago, with surging
demand for biofuel from
Europe and riding crude oil
prices, investors rushed to
build plants to turn palm oil
into biodiesel. But with
falling oil prices and
changing opinions towards
biofuel many of those
projects were put on hold.
To adapt, biofuel producers
now have to be a little more
creative.
|
Biodiesel in Asia
| |
 |
|
Currently, Asia uses more than 2 million tonnes of oil per year, with transport fuel making up a significant portion of the consumption.
Asia produces many vegetable oils which are applicable to be used as feedstocks for biodiesel production, such as palm oil, coconut oil, jatropha oil and etc.
Many Asian countries, such as Japan, China, Malaysia, India and etc., have taken initiatives to implement biodiesel production, to cope with their increasing energy consumption and convert the crops into energy feedstock to bring significant development benefits to the nations. |
|
|
|
|
|