Those of you who have watched the growing development (and debate) of bio-diesel may remember 'Bish' from the film "Everything's Cool". He will probably be remembered as almost singlehandedly starting the now rapidly growing bio-diesel market.
This from CNNNews reports on the rapid growth of bio-diesel, to the point where there may be the first two IPOs later this year. Total bio-diesel production in the USA grew from 25 million gallons in 2004 to 250 million last year. The market has more than doubled every year since 2004 and will hit $1 billion this year.
"Biodiesel is the rock star of fuels," says Will Thurmond, author of Biodiesel 2020: A Global Market Survey. "It has moved from Woodstock to Wall Street."
Also it is interesting to note that some of the Big Oil boys are really beginning to get in on the act now - Chevron, ConocoPhillips etc. Hmmmm, that's got my eyebrows twitching; where there are megabucks to be made, the big sharks suddenly appear.
2 comments:
Actaully that last has me worried. These guys do not get interested unless there is volume... and money... first. And they have form when it comes to worrying about consequences.
So when I see this 'These days biodiesel isn't just good for the environment - it's good for the bottom line' I wonder what the potential fro our next eco-disater at their hands may be.
There was nothing too balanced in the piece about knocking down food crops to allow SUVs to gooble through gallons of fuel simply produced in a new way.
Sorry Peter, I should have been more explicit. I reckoned most who bother to read my posts would sense my eyebrows twitching as I wrote that last small paragraph. Will modify accordingly.
That is exactly why I am also getting worried. Where there is serious money to be made, the big boys seem have a high propensity for, well, simply eradicating the newer and smaller players. Its another in a long line of 'its our playing field, our game and our ball and you're not playing with us' activities.
In a similar vein I am also worried about the same big players buying up loads of patents on all sort of renewable technologies, and then simply sitting on them!
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