Recent developments in global biodiesel

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Biodiesel refers to regenerative diesel fuel that can be used as a feedstock oil, such as oil crops, wild oil plants and engineering microalgae, as well as animal fats and catering waste oils. Compared with traditional diesel, biodiesel has obvious advantages in many aspects such as economy and environmental protection. Hydrogenated fats, petroleum, and animal fats are highly competitive in biodiesel processing, costing between $2 and $4 per gallon, compared to traditional fiber and thermal cracking diesel. The gallon is around $10.

From the perspective of developed countries, the EU is currently the region with the most production and application of biodiesel. Germany and France have the highest biodiesel production in the EU, accounting for half of the total. Effective regulation, adequate raw materials and fiscal and tax support are key factors in the rapid development of biodiesel in the European Union. Taking Germany as an example, in order to develop the biodiesel industry, the Biodiesel Quality Supervision Alliance was established to supervise all aspects of production, sales and use; increase promotion, improve service quality, and set up intensive biodiesel gas stations; Supply, extensive cultivation of rapeseed; introduction of preferential policies, reduction of VAT, etc. US biodiesel production is heavily influenced by policies. In August 2012, the US Congress announced a federal tax credit of $1 per gallon for biodiesel. The policy will continue until the end of 2013, and the positive news has a positive effect on the market. According to data released by the US Department of Environmental Protection (EPA), the US biodiesel industry has shown growth for two consecutive years, breaking through the 1 billion gallon mark in 2012. At present, almost every state in the United States has a biodiesel plant, employing more than 64,000 jobs nationwide.

Developing countries in South America, Brazil and Argentina, play an important role in biodiesel production, and the availability of raw materials is the foundation for their development of biodiesel. Petrobras Biofuel, a subsidiary of Petrobras, announced in December 2012 that it has expanded its Darcy Ribeiro biodiesel production facility. After the expansion, the annual production capacity of the device can reach 152 million liters, an increase of 40% over the previous 108.6 million liters. The device has produced about 260 million liters of biodiesel to date. After the expansion of the Darcy Ribeiro project, the total annual production capacity of Petrobras’ biofuels company will increase to 765 million liters.

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