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 Stories About: European Union AND industrial ag AND biofuels AND agriculture AND energy AND ag subsidies
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European biodiesel: riding on empty?
Unlike the U.S., European governments are cutting back on agrofuel goodies |
Tom Philpott |
27 Dec 2007 |
Gristmill |
| European biodiesel makers have entered a rough patch. The price for their main feedstock, rapeseed, has risen more than 50 percent since the beginning of the year. But the price of the final product, biodiesel, has plunged, because producers are churning out far more biodiesel than the market can absorb.Similar conditions hold sway among U.S. ethanol makers: heightened corn prices combined with an ethanol glut. But U.S. producers are celebrating while their European cou ... |
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| Topics: European Union, industrial ag, biofuels, agriculture, energy, ag subsidies (all these topics) |
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