U.S. market may not have room for palm-based biodiesel, official says

12/1/2011 | Reuters

Palm-based biodiesel from Indonesia will have a hard time competing in the U.S. market, where supplies of corn oil and waste oils are plentiful, according to Michael Dwyer, director of the U.S. Department of Agriculture's global policy analysis unit. "The United States is frankly very competitive for biodiesel, and it's going to be hard to justify for palm oil when it costs over $900 a ton," Dwyer said.

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