• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days The United States produced more crude oil than any nation, at any time.
  • 9 days e-truck insanity
  • 5 days How Far Have We Really Gotten With Alternative Energy
  • 8 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 7 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 8 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 9 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 9 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 13 days Bankruptcy in the Industry

Zimbabwe's Biodiesel Industry in Trouble

Biofuels have been heavily promoted in the hydrocarbon-poor third world as both a fuel source and a valuable earner of foreign currency.

Now however, The Reserve Bank of Zimbabwe is seeking to sell is 50 percent holding of Transload (Pvt) Limited, a biodiesel fuel manufacturing joint venture between Zimbabwe and South Korea’s Yuon Woo Investments.

In 2007 Transload (Pvt) Limited was established with massive publicity heralding the project as both a partial solution to the country’s chronic energy shortages as well as a valuable potential foreign revenue source, the Standard reported.

Given the plant’s intermittent operations many investment and economic analysts passed harsh judgment on the joint venture, with one commenting that no local investor would want to put money in such "a white elephant."

Labor and Economic Development Research Institute of Zimbabwe economist Nyasha Muchichwa starkly commented, "Chances are very minimal that anyone would put money into such a project considering our economic and political circumstances."

Complicating the plant’s operations, first of its kind in Africa, has been its inability to secure consistent feedstocks of jatropha seed and soya beans.

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News