The World's #1 Renewable Energy Network for News, Information, and Companies.

Government Subsidies Crucial to Develop Guatemala's Biodiesel Industry - Executive Says

Guatemala must introduce a subsidies program to develop its biodiesel industry at a time when producing the cleaner fuel has become increasingly competitive and costly in the Central American country, a leading industry executive said.

"Biodiesel is an emerging industry but it could become much bigger if the government introduced subsidies," said Luis Rodolfo Montes Osorio, general manager of Biocombustibles de Guatemala. A dearth of raw materials to make the fuel has made it virtually impossible to produce at competitive prices against diesel. "There isn't enough used oil or plant feedstock and when there is it's expensive as most of it goes to the food sector," Montes added.

Because of a tough market, Biocombustibles de Guatemala was forced to shut its biodiesel refinery last year and may not be able to re-open it until 2016 when it hopes plans to harvest jatropha curcas will bear fruit.

"We are working hard to develop and improve the crop but this could take 5-10 years," Montes said, adding that so far the company has 40 harvested hectares. "If the government helped, we could start producing biodiesel sooner."

Montes hopes a national election in November will usher a new administration with a more ambitious green agenda.

Guatemala has a small sugar-ethanol industry which also doesn't benefit from subsidies. There also isn't a renewable energy development scheme or target in place.

Other initiatives to build biodiesel are small, Montes added, with Pollo Campero (a major fast-food chain) recycling some of its oil to produce biodiesel for its vehicle fleet. Some government municipalities have also engaged in biodiesel production and promotional programs, Montes added.

 

RELATED ARTICLES

Canadian Climate Goals

Canada Announces Weak Climate Target

Danielle Droitsch, NRDC Last week, Canada has announced its contribution to the global effort to reduce greenhouse gases by announcing its post-2020 target. The target announced today is off-track to the 80 percent cut by 2050 they committed to in...
Renewable Energy Stocks

What Drives Alternative Energy Stocks?

Harris Roen, The Roen Financial Report Alternative energy became a serious market player after the turn of the millennium. Since that time, solar, wind, smart grid and other alternative energy stocks have experienced both strong up and down trends. The forces at...
Japan Microgrid

Born from Disaster: Japan Establishes First Microgrid Community

Junko Movellan, Correspondent Although Japan's Fukushima prefecture is most commonly associated with the 2011 disaster due to the nuclear power melt-down, Miyazaki prefecture, located north of Fukushima, suffered from the largest death toll, close to 10...
UK Parliament Clean Energy Leaders

UK Government Names Clean Energy Cabinet Members

David Appleyard, Contributing Editor With the UK general election now over and a majority Conservative Party government in place, the re-elected Prime Minister David Cameron has now named key members of the government charged with steering the UK’s clean energ...
Ivan Castano is a freelance journalist based in Miami. His work has appeared in Thomson Reuters’ International Finance Review (IFR), Dow Jones’ Financial News, Euromoney, Trade & Forfaiting Review and a range of trade publications covering the cap...

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

International Fuel Ethanol Workshop & Expo

Now in its 31st year, the FEW provides the global ethanol industry with...

Green Energy Summer School: Introduction to Bioenergy

This introductory course gives a detailed overview of the principles of ...

23rd European Biomass Conference and Exhibition

A world class renowned event for dialogue between research, industry, po...

COMPANY BLOGS

US Energy Grid Review Finds Needed Upgrades Would Allow More Solar,...

Yesterday (April 21) the U.S. Department of Energy released the first Qu...

Clean Energy Patents Rise in 2014, Solar Tops others, Toyota and GM...

U.S. patents for Clean Energy technologies in 2014 were again at an all ...

Environmentally friendly solutions for projects

geoAMPS joins the celebration of the worldwide observance of Earth Day o...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS