Thailand has been moving heavily to promote the use of biodiesel produce from palm oil. Unfortunately, they are already running short of the palm oil, so now the government is examining whether to allow imports of the oil. The Thai government Oil Fund may also introduce new incentives to get growers to plant more trees.
While biofuels may be environmentally beneficial for replacing fossil fuels, far more fuel will be needed to make any significant impact on petroleum use. To get those quantities of fuel, a lot progress will need to be made on new higher yield methods of producing the fuels. Corn, soy, palms and other crops will need to be supplanted by cellulose and algae to really have an impact.
[Source: The Auto Channel]
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