Indian trade group calls for government ban on use of rapeseed, soy or palm oil for biodiesel production
In India, the The Solvent Extractors’ Association of India (SEA) called on the government to discourage the use of edible oils for biodiesel production. The SEA called for an end to using rapeseed oil, palm oil and soybean oil. It said that converting all of the world’s edible oil production of 152 million tons to fuel would replace only 3 percent of fossil fuels.
Meanwhile, removing even 10 percent of edible oils for renewable fuels causes mayhem in oil pricing, according to the association. This year, soybean oil is up 60 per cent to $863 per tonne, while sunflower oil is up 132 per cent, rape oil is up 50 per cent to $1177 per tonne and crude palm oil is up 82 per cent to $795 per tonne.
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Filed Under: International • Policy • Producer News
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