1/12/2008

Next-generation biofuels edge to center - Reuters


Next-generation biofuels edge to center - Reuters


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Next-generation biofuels edge to center
Reuters - Jan 11, 2008
By Timothy Gardner NEW YORK (Reuters) - The quest by executives and venture capitalists to build a next-generation biofuels industry has made strides this ...
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Next-generation biofuels edge to center - Reuters
biofuels are made from have soared to historic levels in recent months on global demand for both fuels and food, driving up all grain prices and hurting customers ranging from Mexican peasants to U.S. biodiesel, set a record this week, adding further incentives to kick-start non-food sources for alternative fuels. fuel that can be made from grasses and wood pulp, holds promise, but the first trickle of that fuel into the ocean of global motor fuel is not expected for at least four years. crops have to go before it becomes profitable to use new materials to make new fuels," said Lester Brown, the president of the Earth Policy Institute, who had predicted last year that corn prices will spike. Energy Corp (VSE.N: Quote, Profile, Research), which is merging with U.S. ioEnergy Corp (USBE.O: Quote, Profile, Research) to become the country's largest ethanol company, is also lined up to participate, along with Brazil's state oil company, Petrobras.  Continued... rtSource Data Collector TAG Copyright (c) 1996-2006 WebTrends Inc.

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