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Tuesday, February 23, 2010 9:23:11 PM
When we do, WATCH OUT! The float is as tight as it can get right now! Very little selling and NO dilution means most shareholders are holding for much bigger profits! Conditions like these can send the PPS up 500% to 1000%!!!
I just hope this next PR says something HUGE! And the market LOVES it!
Hey here's an interesting article in the Feb 2010 Biodiesel Magazine...
Global biodiesel demand to double in 5 years
By Susanne Retka Schill
Biodiesel demand will continue to grow globally, with the Asia-Pacific and Latin American regions increasing their participation in global production and markets, according to Tammy Klein, executive director of global biofuels services for Hart Energy Consulting. “The driver for biofuels usage is not limited to the United States and Europe,” she said in a presentation on the opening day of the Canadian Renewable Fuels Summit held Dec. 1 and 2 in Vancouver, British Columbia.
Thirty countries are implementing biofuels targets in 2010 alone, she said. Many of them are in the developing world and are encouraging biofuels as a means to build energy security and improve rural economies, she said.
Biodiesel demand is expected to double between 2009 and 2015, while supply is expected to grow threefold. “Currently, there is massive overcapacity on a global basis in the biodiesel industry, and utilization rates are generally below 50 percent,” Klein added. Current global biodiesel capacity is already large enough to supply the demand of the 10 billion gallons per year projected for 2015.
At present, 30 countries worldwide are blending biodiesel, with the typical B5 beginning to inch upward. Several countries in Europe are moving towards B7, with Brazil moving to higher blends and Indonesia considering B10. In 2009, developing nations represented 17 percent of biodiesel demand and almost 50 percent of global supply. That is expected to grow to 42.6 percent of biodiesel demand and 59.2 percent of global supply by 2015. Much of that demand among developing countries will be for domestic use, Klein added. African nations are banking on biofuels for job creation, economic development and domestic energy supply, and are not likely to become international players. In the Asia-Pacific region, the big four—Indonesia, Malaysia, China and the Philippines—represent 74 percent of regional biodiesel demand.
http://www.biodieselmagazine.com/article.jsp?article_id=3983
GLTA, h2h
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