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Optimism for Biodiesel Market

NBB 09 AwardsThe future for biodiesel is brighter than some might think right now in this economy, according to officials with Renewable Energy Group (REG).

Jon Scharingson with REG gave an overview about the potential for biodiesel during the National Biodiesel Conference this week. “We’re pretty optimistic about the development of the biodiesel market in the US for 2009,” Jon says. “We think about 300 million gallons were consumed in the U.S. in 2008 and we expect that to double in 2009.”

He says a couple of factors will drive that growth, including the Renewable Fuels Standard and the Obama administration.

Listen to an interview with Jon here: [audio:http://www.zimmcomm.biz/nbb/nbb-09-reg-jon.mp3]

2009 National Biodiesel Conference Photo Album

    2 Comments

  • April 7, 2009 — 10:47 am

    Ben

    There are reports claiming that biofuel is yet to be proven as a suitable alternative energy. Is this true? If so, why are people still expressing optimism on biodiesel market?

  • April 15, 2009 — 7:39 pm

    Jake Smith

    April 2009. Given that Europe has slammed the door on 500 million gallons of US biodiesel and that the US has a production capacity of 2.3 billion gallons I’m not sure optimism is the right word.

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