The biodiesel industry has expanded far beyond its original niche market to become a significant global player. Biofuels are taking on renewed importance as countries seek a substitute for conventional oil due to its soaring price and hazardous emissions. Biodiesel production capacity has increased by approximately 35% since 2002, reaching almost 2.2 million metric tons (MMT) annually. Fuel markets that can benefit from biodiesel include bus and truck fleets, heavy equipment, diesel cars, boats and electric generators. Furthermore engines that use biodiesel last longer due to the fuel’s inherent lubricity.