30 August, 2008

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Due to the strong world demand, the production would grow 12% per year.Â

SAN PABLO (Reuters). – The world production of biodiesel would grow in the next years between a 10 and 12% per year, from its current 9850 million liters. Â

To this growth would be added an important exports expansion of this product of the Argentina and United States due to the strong world demand, as analysts of the consultant F. O. Licht predicted. Â

Alan Bullion, subeditor of the F. O. Licht World Ethanol and Biofuels Report, said that “the prices of supplies such as the soya, canola and palm should stabilize in the next two years”, when putting on the same level the existent plantations with the demand. Â

On the other hand, Bullion said that the European Union Commission (EU)Â is investigating the biodiesel imports from United States that increased strongly in the recent years and are affecting the European producers.

“The imports of soya biodiesel in the EU have increased at 700.000 to 1000 million liters per year, from 90.000 liters in 2006 and hardly 7000 liters in 2005?, said Bullion.

“Even so, the vegetable oil demand continues overcoming the supply in the EU”, he added.

At the moment, the EU contributes with nearly 66 percent of the current biodiesel world production, with 6500 million annual liters, followed by United States with 1500 millions. The Argentina and Brazil have relatively smaller productions, of 500 million liters per year.

“Although it is expected that Brazil will dispose of up to 9500 million liters by 2012, for the time being it is just a domestic market with very little exporting potential”, Bullion said.

Argentina, to the front

In accordance with the expert, the real growth of the biodiesel production will come from United States, and possibly in the future the Argentina may be the biggest exporter in Latin America because it has a great excess of prosecution capacity.

Also, Bullion said that 58 biodiesel plants are being built in the European Community, while 62 are being settled in United States. Other five are erected in Argentina and 15 in Brazil and the southeast of Asia.

By 2012, the biodiesel production of the United States will reach 8000 million liters, while that of the UE will be from 15.000 millions to 16.000 million liters.

The one of soya continues dominating the biodiesel market, representing 58 percent of all the fuel produced in the world.

Source: La Nación

This article is dated Saturday, August 30th, 2008 5:00 pm under , Asagir, Fiem.
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