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Biofuel Economy, Part I: Biodiesel

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Biofuel. You hear a lot about it these days. And how the growing industry means new opportunities for farmers and foresters and other businesses in the North Country. Over the next few days we're going to take a closer look at what the biofuel economy might mean for the North Country. We'll look at big plans and small solutions.

First, what is biofuel? Biofuel means using biological material for energy. Like burning wood in a woodstove for heat. There are two kinds of biofuel used for transportation: ethanol and biodiesel. Ethanol is a gasoline additive made from vegetable crops - mostly corn. We'll talk more about ethanol tomorrow.

Today we'll look at biodiesel. Biodiesel is basically vegetable oil with the glycerin removed. It can run in diesel engines. It's mostly made from soybean oil. As fuel prices rise, It's becoming more cost-competitive. But as Gregory Warner reports, many consumers and farmers are still wary.

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