Biodiesel is a non petroleum diesel obtained from the esterification of vegetable oils in specific plants. The incorporation of biodiesel into transportation fuel by governments globally is incentivized as an attempt to curb greenhouse gas emissions.
Whether incentivized or mandated, the use of biodiesel fuel reflects an attempt to price carbon usage which heavily distorts market forces and causes the most improbable international trade flows and return opportunities.
Biodiesel remains a niche among all refined energy products. It is the company’s view that for the foreseeable future, it will offer growth and return opportunities that are rarely encountered in the road fuel industry.