The Malaysian government is refocusing the use of palm oil to the production of biodiesel to cater to the huge demand from European countries; it has encouraged the building of biodiesel plants. This is due to the higher prices of fuel and increasing demand for alternative sources of energy in the Western world.
The plants will start operating middle of next year and produce 100,000 tonnes of biodiesel annually. Strong demand for biodiesel from Europe as well as Colombia, India, South Korea and Turkey has fueled the industry's growth as more countries seek to reduce their reliance on fossil fuels.....
On 23 Nov 2006 Australia's first palm oil based biodiesel plant was opened in Darwin. When fully operational in 2007 this plant should produce 140 million litres of biodiesel annually.[10]
--from Wikipedia
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And, according to Dyson, the productivity of the trees can be increased significantly using genetic engineering.
There are HUGE tropical and semi-tropical areas in Indonesia, New Guinea, Malaysia, Phillippines, brazil, the carribean, etc. northern Australia etc. that are suitable for biodiesel production.
As petroleum production drops, the use of wind, solar, and biofuels will increase in the future.
