That press release that went out earlier this month that read "The Biodiesel Industry Is Struggling And We Need Your Help!
" wasn't kidding. With a new European Union tariff on biodiesel
that comes from the U.S. and layoffs at some big (well, formerly big) players in the industry, things aren't looking up. That's not all: petrodiesel prices have once again dropped below biodiesel
, there's no longer a price advantage to using the soy-based fuel. The New York Times
runs down the laundry list of problems, and finds an expert who recommends government quotas because "there is no market-based reason for consumers to buy biodiesel."
There is a bit of good news from up north, though. The Indiana Soybean Alliance recently finished a 1,400-mile trip to the Arctic Circle and back using a new biodiesel blend that does not gel until it gets really, really cold. In fact, Permaflo Biodiesel is apparently usable down to 67 below
. That's cold.
[Source: New York Times
, Domestic Fuel