Leveling the Field

October 7, 2010

BY Erin Krueger

In a recorded interview posted to E&E Publishing LLC’s website, Advanced Biofuels Association Chairman Lee Edwards says that the playing field is starting to level between advanced biofuels and traditional transportation fuels, noting the industry has been focused on producing energy dense, drop-in substitutes.



Edwards notes that it’s not easy for new ventures to secure capital in today’s market, making government assistance necessary. “I think there’s a role with the government to help us make this bridge to provide some stability through the policies that are implemented, and to access financing so that these first plants can be constructed and we can demonstrate the true potentials,” he says. Edwards also adds that a realistic timeframe for this type of assistance is probably in the five to 15 year range, as the industry needs support to scale up production. While several plants are currently under construction, many still await financing. If those needs are met through loan guarantees or more affordable private financing mechanisms, Edwards says that a significant number of new plants will come online within five years.

Advertisement

Advertisement

Advertisement

Advertisement

Upcoming Events

Sign up for our e-newsletter!

Advertisement

Advertisement