Singapore turns to biodiesel to fight rising fuel costs

SINGAPORE (Reuters) – Singaporean Kom Mam Sun ran his Nissan truck on biodiesel fuel for two years to test his business idea of turning used cooking oil from restaurants into fuel for vehicles.

The experiment was such a success that the 32-year-old entrepreneur opened his first biodiesel plant in June and has already made S$50,000 ($31,600) in profits.

“My customers in the construction industry are happy with biodiesel so far as it’s better and cleaner especially when they deal with heavy machinery,” Kom said.

Kom’s venture highlights growing interest in Singapore, Asia’s largest oil-refining center, in the potentially lucrative biofuels industry in the face of rising conventional fuel prices.

Reuters