Vegetable Oil Producers Look for Energy Windfall

With crude oil prices more than $47 a barrel, energy-hungry countries may find that burning edible oil or blending it with diesel provides an economically viable alternative.

Published: 30-Jan-2005

BOMBAY, INDIA - Use of edible oil as a fuel could increase in coming years as major vegetable oil producers from Malaysia to Brazil seek to cash in on high energy prices, industry executives said this month.

With crude oil prices more than $47 a barrel, energy-hungry countries may find that burning edible oil or blending it with diesel provides an economically viable alternative.

"High energy prices have created a whole new market for the vegetable oil industry," Dorab Mistry, director of Godrej International, told Reuters.

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