Something Fishy In Your Tank -- With A Wine Chaser
It's not just soybeans and corn that can be turned into fuel additives. Agifish, an aquaculture company based in Vietnam, can turn catfish fat into diesel fuel, Reuters reported on Tuesday. Agifish has been using the fuel, made from fat left over from processed fish, to run pumps at its fish ponds, Deputy Director Nguyen Dinh Huan told Reuters. "The fuel is as good as diesel oil," Huan said. The firm plans to build a factory in 2007 and process 10,000 tons of fish per year to produce fuel for local markets. Meanwhile, in Australia, farmers are experimenting with turning their wine grapes into ethanol fuel. Investors apparently are lining up to finance these experiments. "We need to be cautious that this doesn't become like the dot-com bubble,'' venture capitalist Vinod Khosla told Bloomberg News. "We don't want to get ahead of ourselves.'' In the U.S., venture capital funds invested a record $739 million in renewable energy in 2005, up 36 percent from 2004, Bloomberg reported.