possible take over is looking very good, page-3

I don't know about fantasy, okay judging on the latest article I posted about BP's plans in India would suggest that they have their own plans and are not in the market.

With all the plants being mothballed around the world and the low valuations it seems reasonable for some big players, such as big oil companies, to pick up some biofuel plants cheaper than what they can build them.

One drawback for the oil majors buying existing plants is that quite a lot of the existing plants are relatively small scale. NFL on the other hand designed the Singapore plant as a large scale development. In my view this would make NFL more attractive than operators of smaller plants.

In the US the oil majors crude oil refining capacity is stretched to the limit but why would they build more oil refineries? Projected growth in fuel consumption has been forecast to increase by 20% over the next decade or so, but this extra consumption will be taken up by biofuels given US government mandates.

Makes sense to me that if I was an oil major rather then let a new industry come in and undermine my product I would expand into this new product area. The oil majors already have a lot of the needed infrastructure in place, ie storage & distribution facilities, etc.

And given the valuations on biofuel producers there is plenty available on the cheap at the moment.