UBS, Diapason launch first biofuels index
Swiss bank UBS and Swiss commodity firm Diapason Commodities Management Investors launch the first commodity-based index for biological fuels.
The UBS Diapason Global Biofuel Index will cover a range of commodities used in the production of ethanol and biodiesel and will be published in USD, EUR, CHF and JPY, the companies said.
Production of ethanol and biodiesel - two of the major alternative fuel sources to fossil fuels - is increasing rapidly as governments attempt to offset carbon dioxide emissions produced by carbon fuels. Recent legislation in the US requires ethanol to be used as a blendstock in gasoline instead of the more
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