A report from the Korean Energy Economics Institute (KEEI) says, as early as 2011, biodiesel will cost less than its petroleum counterpart.
This story from the English-language version of Dong-A.com says the report is titled “Prospects on the Economic Feasibility of Biodiesel and Improving the Support System.” Right now in Korea, biodiesel costs about $.87 per liter to produce… compared to light oil at about $.64 per liter. But that is about to change:
It is estimated that the production cost of biodiesel will drop to ($.73) per liter by 2011, providing greater economic feasibility than light oil – the production cost of which will be ($.77). This prospect is based on the preposition that the price of oil will continue to rise, and that the amount of biodiesel supplied will increase from the current 0.5% of light oil consumption to 5.5% gradually by 2017.
“Biodiesel will become economically feasible between 2011 and 2015,” says Bae Jeong-hwan, a researcher at KEEI. “It is necessary to maintain its exemption from transportation taxes until 2010, and then begin lifting it gradually from 2011.”
Another report by KEEI says that ethanol won’t stay economically feasible if the price of a barrell of oil drops below $50.
Iowa-based Renewable Energy Group has broken ground on what will be a 60-million-gallon-a-year biodiesel plant in Emporia, Kansas.
Wind energy projects in Texas and Massachusetts have been chosen for two, $2-million grants from the U.S. Department of Energy.
“These two testing facilities represent an important next step in the expansion of competitiveness of the U.S. domestic wind energy industry,” Secretary Bodman said, while hosting a press conference with Massachusetts Governor Deval Patrick. “We congratulate Massachusetts and Texas for their outstanding proposals and we believe this work will build upon the Administration’s goal of prompting states to research, develop and deploy more clean energy technologies.”
The world’s first biodiesel plant using algae as its feedstock is set to open within a year at a location in Alabama.
The first 50,000 gallons of biodiesel has rolled off the line at the new Momentum Biofuels, Inc. refinery at LaPorte, Texas.
Meat-producing giant Tyson is making a bid to be a player in the burgeoning biodiesel market. 
The latest report from the Renewable Fuels Association shows that a strong production trend continues in the U.S. ethanol industry, producing 391,000 barrels per day in April. That’s and increase of more than 100,000 barrels per day from the same time a year ago and brings the annual output at nearly six billion gallons. Ethanol demand remained constant at 410,000 b/d as did U.S. fuel ethanol imports, at 35 million gallons for the month.
South Dakota-based ethanol producer POET is adding another plant to its list of 20 active ethanol refineries and seven more under construction.
At 65 million gallons of ethanol per year (MGPY), POET Biorefining – North Manchester will consume 21 million bushels of locally grown corn and produce 178,000 tons of premium Dakota Gold Enhanced Nutrition Distillers Products™. Ethanol marketing for the facility will be provided by POET Ethanol Products and byproducts will be marketed by POET Nutrition. The facility will utilize Norfolk Southern rail service.
The IndyCars are really exciting to watch. At the Iowa Corn Indy 250 they were a little more exciting than normal due to all the bang-ups. 
The winner of the first ever Iowa Corn Indy 250, presented by Ethanol is Dario Franchitti. He was a survivor out there because it was a brutal race of attrition after multiple accidents.