Norwegian wood could become biodiesel in 2012 - UPDATED

In a story designed to tickle Beatles fans and environmentalists alike, two Norwegian companies – oil company Norsk Hydro ASA and paper maker Norske Skog ASA – announced last week that they are looking into using wood to produce biodiesel. The companies said they expect biodiesel made from wood to have lower greenhouse gas emissions and are looking to build a biodiesel plant in Norway by 2012.
In a joint statement, the companies said, "By using timber we can also utilise [sic]a much greater proportion of the raw material and considerably reduce greenhouse gas emissions compared with biodiesel produced from rapeseed or other plant oils."

[Source: IOL] [Updated to remove ethanol reference, which was inserted in error]