Industry & Economy
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Non-conventional Energy
Huge export demand for biodiesel
Vinson Kurian
Thiruvananthapuram
,
June 21
D1 Oils has predicted that the world market for biodiesel would grow by 14.5 per cent annually to 2.79 million tonnes by 2010.
The Asia Pacific operations of the company, based in Manila, will provide the Philippine Coconut Authority with the opportunity to meet the surge in biodiesel demand from Japan, China, Korea, Taiwan and Australia.
Suitable reforestation and intercropping programmes are being introduced in the rural farm communities in the Philippines to make available required quantities of biodiesel for domestic and export purposes.
This is expected to reduce the country's dependency on imported non-sustainable petroleum based fuels, as also provide a significant source of employment and export revenue.
DI Oils was in the news closer home, with the company having entered into an agreement with the Coimbatore District Cooperative Milk Producers Union for raising a jatropha plantation. It is keen on developing an India model for export of technology to the rest of Asia.
Earlier, automobile giant DaimlerChrysler and the Council for Scientific and Industrial Research (CSIR) had joined hands for a project to develop biodiesel from jatropha plants.
DaimlerChrysler has since set up two small plantations on eroded land in two different climatic regions in the sub-humid area of Orissa and the semi-arid area of Gujarat.
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