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.
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Biodiesel - The Fuel of The Future
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" The Shortage of oil, price risks and the increasing dependency of our mobility on oil supplies of the OPEC require new forms of energy. Securing sufficient energy from environmentally friendly & affordable energy is therefore the greatest challenge of mankind. " |
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Jürgen E. Schrempp, CEO DaimlerChrysler |
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Over the past years, the use of energy has grown tremendously. By year 2030, with the world population expected to reach 8 billion people, demand for energy is forecasted to grow by 50%, of which 80% of the growth will be in developing countries.
Our dependence on fossil fuel as a source of energy, has led to the increasing depletion of these natural resources. While oil and gas remain as the predominant forms of energy supply, the utilisation of renewable fuels, such as biodiesel, becomes more important.
Global Energy Demand Growth |
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