EU biodiesel production may double in next 9 years, say OECD and FAO

In Germany, the OECD and FAO have projected that EU biodiesel production may double to 4.86 billion gallons per year by 2018. The organizations also projected that biodiesel’s share of the European market could increase to 9.1 percent by that time, with global biodisel consumption reaching 11.5 billion gallons, with a rise in feedstock prices of 30 percent and a 17 percent increase in biodiesel prices.

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