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A good signPalm oil biodiesel losing steamPosted by biodiversivist (Guest Contributor) at 1:51 PM on 04 Jan 2007From the Times Online: A leading German utility has abandoned plans to convert a British power station to run on palm oil, in a blow to the promotion of biofuels in Europe. The idea of sustainably grown palm is that a customer will buy from a competitor who meets sustainability standards. Instead, they scrapped using biodiesel altogether. That isn't how it was supposed to work. I for one, hope to see more of this. Essentially, what is being said here is that the palm oil based biodiesel idea is a bust. Land must be cleared to meet demand and as long as people refuse to buy palm grown on such land, game over, as it should be. It will be interesting to see how this plays out with my local biodiesel importer. What would most multi-million dollar investors do if the difference between bankruptcy and solvency required use of unsustainable palm oil?
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