As I’ve talked about before on this blog, one of the keys to biodiesel being a success is it being financially viable. This article in the Financial Times Deutschland (Germany) has one expert predicting that biodiesel could see the results ethanol has recently seen:
Biodiesel could be “this year’s ethanol” in the view of Leigh Goering, portfolio manager for the natural resources fund at Chilton Investment Company.
A recent survey by an energy and utilities research firm suggests that biodiesel could soon join ethanol as one of the most important alternative fuels, saying the global market for biodiesel is poised for explosive growth in the next 10 years.
That means more biodiesel stations, plants, and supplers… and all this seems to be adding up to some major investment opportunities that some major players seem to be cashing in on:
All the activity has made biodiesel a key area of investment for fund managers and other investors. They have been funding the growing number of plants and refineries as well as driving robust merger and acquisition activity within the sector. Goldman Sachs, for example, last year invested more than $1.5bn in alternative energies and clean technologies worldwide.