Lithuania’s Baltpool hosts largest biofuel exchange yet

In Lithuania, the country’s biggest biofuel auction took place, with Baltpool hosting the sale of 780 tonnes of biofuel worth nearly USD$400,000, representing a 500% growth from the previous record transaction. The high prices reflect positive changes in the system of the exchange, and the high demand for heating oil in the country. Biofuel bought through the energy exchange will be supplied for the 2013-2014 heating season for USD$266 per tonne of oil equivalent.

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