(EnergyAsia, April 9, Wednesday) — Investors are unlikely to follow through on their plans to build biodiesel plants as the cost of palm oil feedstock continues to soar. Crude palm oil prices have surged to record levels of more than RM4,400 per tonne, more than twice the level needed to make biodiesel profitable. (US$1=RM3.2).The high…
INDONESIA: Investors backtrack on plans to make palm oil-based biodiesel
Posted on April 8, 2008 by EnergyAsia