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The following table shows the vegetable oil yields of common energy crops associated with biodiesel production. Included is growing zone data, relevant to farmers and agricultural scientists. This is unrelated to ethanol production, which relies on starch, sugar and cellulose content instead of oil yields.
In 2006, Fuel Bio Opened the largest biodiesel manufacturing plant on the east coast of the United States in Elizabeth, New Jersey. Fuel Bio's operation is capable of producing a name plate capacity of 50 million US gallons per year (190 × 10 ^ 3 m 3 /a) of biodiesel. [8] In 2008, ASTM published new Biodiesel Blend Specifications. [9]
Originally, there was a valuable market for the glycerol, which assisted the economics of the process as a whole. However, with the increase in global biodiesel production, the market price for this crude glycerol (containing 20% water and catalyst residues) has crashed.
For comparison, the total U.S. production capacity for biodiesel reached 2,240 million US gallons per year (8.5 × 10 ^ 6 m 3 /a) in 2007, although poor market conditions held 2007 production to about 450 million US gallons (1.7 × 10 ^ 6 m 3), according to the National Biodiesel Board (NBB). [32]
The availability of biodiesel around the World is increasing. It is estimated that by 2010 the market for biodiesel will be 7.5 billion litres (2 billion USgallons) in the U.S and 9.5 billion litres (2.5 billion USgallons) in Europe. [16] Biodiesel currently has 3% of the diesel market in Germany and is the number 1 alternative fuel. [17]
Biodiesel represents the largest share of this (78%, far ahead of bioethanol with 22%). The unquestionable biodiesel leader in Europe is the French company Diester Industrie producing of 2 million tons of biodiesel. [19] In bioethanol, the French agro-industrial group Téréos is increasing its production capacities. Although France is bound by ...
Vegetable oil is used to make biodiesel and has about doubled in price in the last couple years. The prices are roughly tracking crude oil prices. [ 35 ] [ 36 ] [ 37 ] The 2007–2008 world food price crisis is blamed partly on the increased demand for biofuels. [ 38 ]
In 2008 Biodiesel Cambodia started focusing on large scale plantations and attempted to partner with large scale land owners and investors. When oil prices crashed suddenly investors pulled out and Biodiesel Cambodia sold their production equipment and ceased operations in late 2008.