Carotech news on TheStar newspaper
Click here to view Carotech news on The Star Newspaper
Part of the news:
Carotech's biodiesel prospects were unlikely to take a big hit due to a spike in crude palm oil prices and a decline in petroleum, which has sparked a global debate on the viability of vegetable oil-based biofuels.
“It will affect us slightly. We will try to pass it on to our biodiesel prices.”
The official did not disclose Carotech's exact biodiesel prices, but said it sells the biofuel at US$600 to US$700 per tonne in short- and mid-term agreements.
From there, we may get the hint that profit margin of palm oil deisel become thinner as palm oil spike...
