Why Biodiesel Right Now?
- Environmental activism in promoting renewable fuels is gaining greater momentum and credibility within mainstream domestic and international politics.
- Petroleum Diesel prices are unstable.
- Diesel fuel consumption is rising and is expected to rise at a faster rate with the economic advancement throughout China and India.
- European, Asian and North American legislative policy making is supporting the growth of the Biofuel industry through rebates, grants and other economic incentives.
- Fossil fuels are a limited resource with a predicted cessation in the next 10 to 20 years time.
- There is an increasing share of diesel engines in global automotive markets due to greater fuel efficiencies, reduced pollution emissions, and greater torque. In particular, diesel vehicles comprise 35-40% of the European automotive market.
- The blending of biodiesel has been mandated in a number of US states, and EU member states.