EU biodiesel producers turn to waste oils as canola prices skyrocket

May 8, 2012 |

In Europe, biodiesel plants are turning to animal fats and waste oils in an attempt to stay viable in a market where poor canola crop forecasts mean canola prices have skyrocketed, eating into biodiesel margins. Margins have halved this season from $100 per metric ton last year. Canola oil use for biodiesel has fallen by 800,000 tonnes, replaced by waste cooking oil and animal fats, as well as a major boost in palm oil imports.

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Category: International

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