31 July 2008 17:28 [Source: ICIS news]
By Doris de Guzman
Also, “Vegetable oil prices are also no longer at the peak levels that they were last year,” he added. “We also saw sharp palm oil price reduction in southeast Asia and that has reflected on soybean oil prices as well.”
The near-term implication for the biodiesel market is that that demand will continue to pick up,” said Berges. Methanol and vegetable oils are components in biodiesel production.
Evonik broke ground on Wednesday on the construction of its alkoxide plant in
Alkoxides are used as catalysts in biodiesel production. Evonik said its sodium methylate and potassium methylate catalysts produced at the site will be sold in the North American Free Trade Agreement (NAFTA) market.
The catalysts have the flexibility to be used with any type of biodiesel feedstock such as soybean oil, rapeseed oil, animal fats or waste cooking oil, said Berges.
Evonik is also testing its catalysts on second generation non-food oil feedstocks such as algae and jatropha.
“The research is still early in the process but in principle it should work on algae oil-based biodiesel production,” Berges said.
Evonik is planning to build another alkoxide plant in
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