Co-op Biodiesel In Global Context

The bioidesel business is simple.

When feedstocks are traded in the ?teens per pound? range, those of us who make biodiesel look like geniuses. As prices edge into the twenties, we look less interesting. And when feedstock cost exceeds thirty cents a pound we look like fools.

When we fired up our Industrial facility, virgin soybean oil was in the teens. Soybean oil is easy to work with, it is processed locally in Raleigh and Fayetteville, and North Carolina has over a million acres of soybeans under cultivation.

If we forgot about our aversion to genetically modified organisms, or about the effect of monocrops on the environment-and if we looked the other way whenever we see the massive petroleum subsidy which is embedded into conventional agriculture, local soy oil looked pretty good...

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