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Conversely, rising energy costs may increase demands for biofuels such as corn-based ethanol and soy biodiesel.
For example, used cooking oil is relatively easily converted into biodiesel, which has almost identical chemical structure to petroleum-based diesel fuel, yet burns cleaner.
Life cycle assessment of various cropping systems utilized for producing biofuels: bioethanol and biodiesel.
For example, corn and soybean will not only be used as livestock feed, but will also be sold for the generation of biofuels (ethanol and biodiesel).
I am mindful of the fact that excise duty on biodiesel has fallen, as it has on bioethanol.
We recognise that the promotion of biodiesel can provide useful greenhouse gas emission savings, but those should not be made regardless of cost.
We recognise that biodiesel and bioethanol have the potential to contribute to a reduction in greenhouse gas emissions.
Using it for biofuel crop production—for biodiesel, short-rotation coppicing or elephant grass to fuel combined heat and power plants—would have multiple benefits.
Good agricultural practice, unlike for example the production of biodiesel, can guarantee both food output and carbon capture.
This is, in a way, related to the production of biodiesel.
The report states: "there is no conclusive evidence of the environmental benefits biodiesel may bring, except for reduced sulphur emissions compared with mineral diesel".
At present, biodiesel is treated in exactly the same way as ordinary diesel in terms of duty.
I believe that a whole series of proposals have been put forward for a wide range of novel fuels, including biodiesel.
As a result, biodiesel was awarded a duty cut of 20p per litre compared with ultra-low sulphur diesel.
We need to see how the biodiesel industry will respond to that incentive.