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Biodiesel: Asia’s alternative fuel

Asia’s big biodiesel producers are starting to secure their green investments by hedging against falling oil prices and rising feedstock costs, but the move may carry even bigger risks for infant players.

Futures prices of palm oil the main raw material for biodiesel in Southeast Asia cost about US$535 a tonne last week, up 30 per cent on the year-ago period, leaving producers pinned between rising feedstock costs and falling product prices.

“It’s no longer viable to use palm oil to make biodiesel. The change has been dramatic since November and prices are no longer globally competitive,” said John Hall, managing director of commodity trading firm Peter Cremer.
Brunei Times

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