Tuesday, July 16, 2013

[biofuelwatch] Biofuel Investments at Seven-year Low





Biofuel Investments at Seven-year Low


http://www.energyjustice.net/content/biofuel-investments-seven-year-low

July 8, 2013. Source: Bloomberg

Europe’s biggest oil companies are scaling back work on the next generation of biofuels, a setback for the effort to create a gasoline substitute that doesn’t drain the food supply. 

BP Plc (BP/) and Royal Dutch Shell (RDSA) Group Plc have halted funds for four separate ventures because the technology to produce fuel from woody plants and waste won’t be economical until 2020 or beyond, executives at both companies said in interviews.

“This is very capital intensive,” Phil New, head of BP’s biofuels program, said in an interview. “There’s lots of difficult engineering. It will take time for scale-up.”

The decisions helped cut global investment in biofuel production to... [READ MORE]



--
Josh Schlossberg
Anti-Biomass Incineration Campaign, Energy Justice Network

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Biofuels are a wide range of fuels which are in some way derived from biomass.

Your idea?