100 million gallons of biodiesel production could generate an estimated $8.34 million increase in personal income and over 6,000 additional temporary or permanent jobs for a metropolitan region.
But this employment figure may be grossly underestimated. In Colombia this weekend a biofuel plant capable of producing 1.8 million liters (475,000 gallons) annually was inaugurated Friday in the central Colombian town of Barbosa, some 300 kilometers (186 miles) from Bogota.
President Alvaro Uribe and Agriculture Minister Andres Arias inaugurated the plant, which, according to officials, will create a total of 429 jobs. EFE and they are actually opening six plants!
stearine has fallen by over 34% and this has been followed by a 62% drop in palm oil ie from $1400 per tonne a few months ago to $525 per tonne now. More countries producing with high inventories in Malaysia and Indonesia and less demand from China etc...who cares about perfumes and fancy soaps in a financial downturn? Tallow is next and based on these figures will fall anywhere from 34% to 62% if not more.
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