During the 1920s, diesel engine manufacturers altered the engines to utilize the lower viscosity of the fossil fuel (petro-diesel) rather than vegetable oil, a biomass fuel. The petroleum industries were able to make inroads in fuel markets because their fuel was much cheaper to produce than the biomass alternatives. The result was, for many years, a nearer elimination of the biomass fuel production infrastructure. Only recently have environmental impact concerns and a decreasing cost differential made biomass fuels such as biodiesel a growing alternative.

In the 1900s, France launched the local production of biodiesel fuel (known locally as diester) obtained by the TRANSESTERIFICATION of rapeseed oil. It is mixed to proportion of 5% into regular diesel fuel, and to the proportion of 30% into the diesel fuel used by some captive fleets (public transportation). Renault, Peugeot and other manufacturers have certified truck engines for use with up to this partial bio-diesel. Experiments with 50% bio-diesel are underway.

From 1978 to 1996, the U.S. National Renewable Energy Laboratory experimented with using algae as a bio-fuel source in the “Aquatic Species Program”.

Representative APR 391%

Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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