The biodiesel industry in Germany is nearing a state of collapse because of a tax increase that kicked in at the first of the year, according to a report on Reuters.
Biodiesel refiners in Germany are only producing at 10 percent capacity, according to the Reuters story from a European biodiesel conference. That's down from 20 percent the year before. Because of the downturn, some biodiesel manufacturers are taking apart their factories and selling the equipment to manufacturers in the U.S. and Canada.
The problem? Like solar energy, biofuels still largely depend upon government support and subsidies. Biodiesel … Read more