multinational corporations

With the high price of oil, the unstable foreign oil countries, and with a renewed focus on the environment there has been much attention of late on finding an alternative fuel source. Biodiesel is nothing new, in fact it has been talked about and experimented on for close to a century, but has been the recipient of a lot of interest of late.

An alternative fuel source has been talked about for decades. The reasons different people have for looking for this alternative fuel source vary widely. It could be for environmental reasons, economic reasons, or even just the excitement of new technology. One thing is certain though, in the past when someone showed interest in biofuel technology it was usually a small group of environmentalists, a lone scientist, or a very small energy related startup company. Not true any longer as multinational corporations and entrepreneurial millionaires are jumping on the ever filling Biodiesel bandwagon.

From Ohio to Malaysia established biodiesel manufacturing plants are operating at capacity. So much that in recent months there has been announcements regarding huge Biodiesel manufacturing plant construction projects. Construction projects aimed at building Biodiesel manufacturing plants that can yield 50, 100, even 200 million gallons or more per year. All this is happening in the Biodiesel refining and manufacturing industry while the newest oil refinery built in The United States started operation in 1976.

Farmers large and small have also seen the trends and altered their growing plans. More farms are raising crops with their specific eye on the Biodiesel market. Soybeans, Corn, Rapeseed, and more are dotting the world’s landscape. Few experts would say that Biodiesel will one day replace petroleum based fuel as it is impractical to grow enough raw materials to fill the world’s fuel demands. But, anything that can make a dent in one of the world’s most established markets deserves notice.

Millionaires and corporations wouldn’t sink millions upon millions of dollars into a relatively new industry without believing that it would be profitable. Corporations are not known to be gamblers. Major corporations have buildings full of accountants and market analysts who are paid well to make sure that the corporation does not make a poor investment. The only reason that self-made millionaires and these multinational corporations would expend the manpower, time, and money to develop and construct Biodiesel manufacturing plants is that they believe there is money to be made. For there to be money to be made in the Biodiesel market, all these successful and knowledgeable people have not only seen that the growing and manufacturing processes are viable, but that there will be a market for their products. Without end users, the manufacturing of anything for resale is pointless.

So, why have millionaires and corporations invested so heavily lately in Biodiesel? Because they have seen the future, and the future is made up of a large number of consumers who for many different reasons are looking for an alternative-fuel. There needs to be no further evaluation on whether there is a future to the Biodiesel market. If there were no future to the Biodiesel market, then these investors and businesses would not be spending this kind of time and money on manufacturing a product that no one will buy. Continue manufacturing, the buyers are waiting.