Biodiesel flickers out leaving investors burned « Aletho News
Established biodiesel production which uses soy beans produced through industrial agriculture is simply not economically viable. Leaving aside the moral implications of dedicating arable land to fuel production, which results in higher market prices for basic foods, the higher production cost of biodiesel reflects a likely net energy loss once the entire process is accounted for.
The economic hope for soy-biodiesel had been predicated on promised cost advantages in GMO crops which turned out to be largely hyperbole and wishful thinking. With oil and gas prices stable, and with new non-conventional production methods that are vastly increasing economically recoverable oil reserves, it is unlikely that biodiesel of any type could be competitive any time in the foreseeable future.