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Biodiesel
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Biodiesel - Highlights of Turkish Project
SE Corp has made a decision to enter Turkish green energy sector by
establishing a joint venture with a reputable Turkish company investor to build a
biodiesel plant with annual capacity to produce annually 80 million gallons of
fuel (265,000 metric tons, 300 million liters) for distribution to Turkish market.
The decision was based on the following criteria:
Short-term payback
Long-term profit potential
Favorable diesel prices
Close vicinity of raw materials
Strategic geographical location
Readiness for clean fuel
Industry development
Biodiesel is a cost effective environmentally friendly substitute for diesel
with a benefit of being produced from vegetable oils such as rapeseed and soybean
oils rather than crude oil. It can be readily used in diesel-engine vehicles with
minor or no modifications. It has a great potential to supplement the petroleum
fuel as the world's primary transport energy source. It is an alternative green
source of energy that while burned emits less carbon dioxide than diesel and is
almost pollution free in production and use. It is a green source of energy that
most of developing countries are switching to.
European Union is leading the way in the production and usage of biodiesel followed
by the United States. The following graphs depict production and consumption of
biodiesel in the United States and EU.
Source: National Biodiesel Board - USA
Source: Frost & Sullivan
Location
Turkey's importance in relation to oil markets lies in its strategic location as an
energy bridge between the Middle East and Eurasian oil-producing regions and European markets.
Having the competitive advantage of being produced from renewable sources, biodiesel has
substantial potential to be a cornerstone for Turkey to reduce its dependency on foreign oil.
Reliable, low-cost energy is a requirement for Turkey's sustainable development.
By adding alternative fuel into its energy portfolio, Turkey will be able to reduce
vulnerability to supply disruptions and allow Turkey to become an energy exporting country.
Biodiesel will help vastly reduce two of Turkey's biggest problems such as air and
water pollution and put Turkey into a position of one of the leading environmentally
friendly countries on international arena.
Partner
Having invested substantial amounts of time and energy analyzing Turkey's energy sector,
SE Corp has secured contracts for a long-term supply of feedstock with
reliable producers. We are looking for strategically beneficial relations with companies
or individuals who understand the nature of Turkish business and are able to invest equtiy
in the business individually or in group with other partners.
Interested parties please do not hesitate to contact us at turkeygroup@savingenergycorp.com.
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