The biofuels industry is on a quixotic quest for a free lunch--to find raw materials that don't cost anything--switchgrass, jatropha, used vegetable oil, wind, etc.
In December 2007
(If you skipped the first chapter of your economics textbook, the basic fact of scarcity is that you can’t get more of one good without sacrificing something else. It turns out that the law of scarcity applies here too.)
It turns out that cassava has become a fairly significant source of starch that substitutes for corn in China. When I looked into
One of the stories we’ve been hearing from
We have here a rightward-shift in demand for cassava. A new biofuel plant in Guangxi, factories using more imported cassava in northern
Another news report last week said there are plans to build a cassava-based biofuel in Hainan Island which would use cassava produced on land acquired by the biofuel company in Laos, an example of the controversial policy of acquiring land in developing countries to produce China's food (and fuel?) needs. Watch out world, here comes China!