ATHENS, GA -- A new study evaluates the viability of the wood-based transportation fuel sector in the United States. Wood biofuel projects attract strong private and public investment, and advance federal energy policy objectives..
The study finds an 11 year gap on average between estimated technology viability and firm announcements. A promising approach of note is the gasification technology under development by firms like Rentech and ClearFuels for diesel and/or jet fuel.
"Ultimately, investors must think hard about allocating capital to projects that require 10+ years of technological development and rely on EPA renewable fuel mandates, which are essentially moving targets," says co-author Dr. Brooks Mendell.
Posted by Molly Keith
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