Colombia palm biodiesel plants go for six
Colombia will have six operational palm biodiesel plants by next year with a plan to increase its share of the biofuels market. The South American country is the leading producer of palm oil in the Americas.
Four of these six plants have already begun operating, but production will be stepped up next year and the other two plants will also come on stream.
The export markets for palm oil will continue to be affected by the current financial crisis, and the price of the vegetable oil has bombed from $1,400 (1,094 Euros) a tonne a few months ago to $525 a tonne at present.
High inventories in Malaysia and Indonesia, market expectations related to the financial crisis and the reduction in oil prices have contributed to the lower price.
Colombian production of palm oil is expected to rise from 806,000 tonnes in 2008 to some 872,000 tonnes next year.
Of the current production, around 46% is destined for export, primarily to the Netherlands, Germany and England in Europe, as well as to Mexico, the Caribbean, Brazil, Peru, Argentina and the US in the Americas.
Four of these six plants have already begun operating, but production will be stepped up next year and the other two plants will also come on stream.
The export markets for palm oil will continue to be affected by the current financial crisis, and the price of the vegetable oil has bombed from $1,400 (1,094 Euros) a tonne a few months ago to $525 a tonne at present.
High inventories in Malaysia and Indonesia, market expectations related to the financial crisis and the reduction in oil prices have contributed to the lower price.
Colombian production of palm oil is expected to rise from 806,000 tonnes in 2008 to some 872,000 tonnes next year.
Of the current production, around 46% is destined for export, primarily to the Netherlands, Germany and England in Europe, as well as to Mexico, the Caribbean, Brazil, Peru, Argentina and the US in the Americas.
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