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Thursday, November 01, 2007

Biofuels Digest - business and financial news for ethanol and biodiesel producers, consumers and regulators

Helge: Fuel riots. First time I read or blog about this. This news comes from the biofuels digest blog.

Biofuels Digest - business and financial news for ethanol and biodiesel producers, consumers and regulators: "Daily Biofuels Summary for October 31:

Fuel shortages break out in China as US, Brazil set ethanol production records October 31st, 2007 Top Story:

In China, fuel riots occurred because of shortages. The shortages are affecting Shanghai, the southeast coastal provinces, and are spreading to the interior.


Diesel is fixed-priced at $2.42 in China, about one third of the price in European markets, and fuel companies are getting squeezed by soaring crude oil costs, leading to production cutbacks and allocations.

Prices have not been raised for 17 months despite crude oil rices nearly doubling. Meanwhile, ethanol producers are also under pressure in China from high costs, and from a government shutdown of new ethanol production projects owing to the effect of ethanol demand on food prices."

BioFuels Digest


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