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Does biodiesel drive up food prices? |
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BioCat
Fuels
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Like ethanol, biodiesel can be made from corn and soybeans, food commodities whose prices have increased over the past two years. In part, these price changes are a result of growing demand for corn, soybeans and other crops for biofuels. Increases have also been driven by increased global demand (China and India), rising energy costs and the weak dollar. BioCat has a different strategy – using non-food sources to produce biodiesel. Unlike other biodiesel production processes, the
Mcgyan process can use many different oils – not just those used
for food. Waste oil from restaurants (fryers and griddles), for example,
can be easily made into biodiesel. Beef and swine tallow as well as byproducts
of large soybean and corn processing plants are other examples. And even
the byproducts from the ethanol and traditional biodiesel processes can
be transformed by the Mcgyan process. Perhaps the most exciting opportunity
is the future use of algae as an oil
source. It’s a couple of years away yet, but you may be eventually
run your truck on biodiesel made from slimy green things related to those
that cover your pond in summer. |
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