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Event Calendar

World Biofuels Symposium
November 13-15, 2005
Beijing, China

2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels Association

National Biodiesel Conference & Expo 2006
February 5-8, 200
San Diego, California
National Biodiesel Board

11th Annual National Ethanol Conference: "Policy & Marketing"
February 20-22, 200
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association

22nd Annual International Fuel Ethanol Workshop & Expo
June 20-23, 200
Milwaukee, Wisconsin, USA

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Posted on  

January 8, 2004

Volkswagen, ADM team up to develop biodiesel fuel

CHICAGO - Automaker Volkswagen AG (VOWG.DE: Quote, Profile, Research) and grain processor Archer Daniels Midland (ADM.N: Quote, Profile, Research) have formed a research venture to develop and use biodiesel fuels for the auto industry.

Biodiesel, which can power conventional diesel engines, substantially reduces emissions of carbon monoxide and particulate matter, the companies said in a statement.

The pact is the first between one of the world's leading automakers and a global agribusiness company to develop next-generation clean renewable fuels, they said.

"This agreement represents Volkswagen's commitment to introducing clean burning and renewable fuels into the automotive industry," said Bernd Pischetsrieder, chairman of the board of management of Volkswagen AG.

ADM Chairman and Chief Executive G. Allen Andreas said: "Advances in biodiesel will benefit the automotive industry, the driving public, farmers and the environment as a whole."

Volkswagen is one of the world's largest producers of passenger cars and Europe's largest automaker. ADM is the largest U.S. producer of corn-based ethanol and the largest U.S. processor of soybeans, the main source of biodiesel.

Biodiesel has become the fastest growing alternative fuel in the United States, largely without incentives, but it is still more costly than petroleum diesel, according to the National Biodiesel Board.

The United States currently consumes about 20 million gallons of biodiesel each year, up from 500,000 gallons in 1999. More than 350 fleets, ranging from school buses to military installations to National Parks, now use biodiesel.

A report prepared by the U.S. Department of Agriculture concluded that an additional 100 million gallons of biodiesel demand would increase revenue for U.S. soybean farmers by more than $112 million, NBB said.

A tax incentive of one penny per percentage point of blended biodiesel was included in the latest U.S. energy bill that stalled in the U.S. Congress last November.



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