Biodiesel Output Seen by Oil World Rising to 24.7 Million Tons
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Global biodiesel production will advance to 24.7 million metric tons in 2013 as producers direct more soybean oil, the leading feedstock used for it, toward the fuel amid declining vegetable oil prices, Oil World said.
Biodiesel output will increase 6.3 percent in 2013 compared with a 5.8 percent rise last year, the Hamburg-based researcher said in an e-mailed report today. It’s advanced since 2009. Brazil’s production estimate was raised 11 percent to 2.65 million tons this year, while output in Argentina won’t fall below 1.8 million tons, as had been predicted previously.