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April 30, 2009 | Jim Lane | Comments 0

Today in Biofuels Opinion: “There are 1,865 biofuels companies out there, and sometimes it seems that there are at least 1,865 different ways.”

From Forbes: “There are 1,865 biofuels companies out there, and sometimes it seems that there are at least 1,865 different ways of turning every manner of biological material into fuel for a car, truck, train or plane…Helena Chum, a research fellow at the National Renewable Energy Laboratory, estimates that next-generation biofuels now cost anywhere between $5 and $1,000 a gallon, with a median of about $25. That won’t work, even in a Prius.”

The (London) Telegraph:  “Biofuels are probably the most controversial of all renewable energy sources, admits Andy Hunter, chief executive of Argent Energy…But he shares doubts about the genuine sustainability and long-term carbon footprint of some biofuel projects and has positioned Argent carefully…However, Mr Hunter says further investment has been stymied by uncertainty about Government stimuli for the industry…“We would want to see that we were getting the appropriate signals before making any further investments in additional plants,” he says. “Over the past five years, there have been so many different signals that it has been very difficult.”

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