World Production of Biodiesel Seen Increasing Further in 2014

OIL WORLD ISTA Mielke GmbH tentatively forecast world production of biodiesel at a record 29.1 mio. t in Jan/Dec 2014. This implies an increase of 2.0-2.1 mio. t or roughly 8% from last year, thus still sizably exceeding the growth rates in other usage categories, like the food sector. However, the increase of biodiesel production is seen slowing down from 2.9 mio. t or 12% in 2013. Palm oil already overtook soya oil as the major feedstock for biodiesel production in 2013.

Source: OIL WORLD WEEKLY