The Argus Biofuels Trading Congress 2008

The Argus Biofuels Trading Congress 2008 - Europe is back for its second year to repeat its launch success and give you exclusive insight into current trading behaviour, prices, markets and future development.

Controversy is raging about the biofuels market - negative press is damaging the image of biofuels - is the industry getting nervous? 

The massively increased biodiesel production and consumption in Europe and the heavily subsidised ethanol production in the US as well as the globally rising demand for energy have made biofuels a lucrative market for oil companies, producers, traders, agri businesses, asset and fund managers, investment banks and index providers.  The EU has set the legislative framework and national governments have supported the industry with subsidies and tax incentives to reach the target of 5.75pc market share by 2010. Aiming at a high level of biofuels production self sufficiency, the European biofuels industry was looking at a bright future. In a nutshell, the sector had been set for long term growth!