How much impact does crude oil have on biodiesel?

Biodiesel Network April 22: In the past two days, due to a series of factors such as the rupture of the Doha talks and the strike of Kuwaiti oil workers, the sharp drop in output provided strong support for oil prices until Thursday's closing at $43.18 per barrel. Some time ago, it has risen a lot, but the impact on the biodiesel industry is very limited, at least not at present.

DuPont, the American chemical group, said that advanced biofuels made from agricultural waste would not rival traditional fuels unless crude oil prices rose to $70 to $80 a barrel. This statement points to the challenges faced by “second generation” biofuel manufacturers. After 10 years of painstaking research into the production process, these companies found that their business model not only faces the risk of changing the economic environment of the industry, but also the influence of American politics. The same is true in China. The depressed oil prices and the policy of not landing have led to a worsening living environment for domestic biodiesel plants.

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