I think biofuel will be feasible for commercial scale production in another 4-5 years if oil prices start to rise again to about US $ 140-150 per barrel. The main incentive of having biofuel capabilities for palm oil is that it acts as a safety net in the event that the demand for it as an edible oil drops preventing a sudden crash in demand and price because excess supply can be converted to fuel.
Science Is biofuel (biodiesel) feasible in Malaysia?
Dec 17 2009, 02:04 AM
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