Corn vs Palm Oil

"There is appeal with corn oil. The U.S. has ethanol plants in place and the logistics have been set up years ago, so it's a matter of extracting more value from corn through its oil," he said.

While corn oil now costs around $1,300 a ton, a greater commitment by U.S. ethanol producers to actively use this as a feedstock for biodiesel would bring more supply to the expanding biodiesel market, bringing prices lower.

The U.S. has the potential to produce 580 million gallons of corn oil, once taking into account that some of the oil is needed to keep the substance of DDG -- a valuable source of animal feed, Dwyer said.

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SkunK

Thanks to Anonymous @10:02 AM in Previous Blog for heads up.