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September 29, 2006

More Investment Needed for Cellulosic Ethanol

by Stephen Lacey, RenewableEnergyAccess.com
Peterborough, New Hampshire [RenewableEnergyAccess.com]

Lack of investment in cellulosic ethanol is causing major project delays and industry stagnation, according to a business leader in the ethanol industry.

Last Friday, Klann and other representatives for the ethanol industry briefed Congress on the need for more federal support for cellulosic ethanol.

"We're ready to go now. However, the financial markets are not ready. Consequently, we need the backing of the U.S. government to bridge the technology gap," said Arnold Klann, President and CEO of BlueFire Ethanol, Inc., in an interview on RenewableEnergyAccess.com's Inside Renewable Energy podcast.

Klann said that the financial community has not been willing to take the risks needed to invest in new technologies and large projects.

"You have technologies that are ready to go into the ground today if this risk gap could be filled," he said.

Last Friday, Klann and other representatives for the ethanol industry briefed Congress on the need for more federal support for cellulosic ethanol.

Want to learn more about the status and future outlook for cellulosic ethanol? Check out the Inside Renewable Energy Podcast. Also in the program: A vertical axis wind turbine for harvesting city wind.
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Reader Comments (2)
 
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September 29, 2006
The US Government should support cellulosic ethanol AND they are. Ethanol subsidies are high and cellulosic ethanol subsidies are even higher. State goverments are also getting into the act. For instance, the govenor of Illinois proposes investing $100 million over the next ten years to build four cellulosic ethanol plants in downstate Illinois. As a taxpayer, how should I feel about this? Actually, I think it's great. When you consider how much military spending there is to protect oil interests around the world, ethanol subsidies are dwarfed in comparison. So if cellulosic ethanol is so great, where is all the private investment? Help is on the way!! I just read about Virgin Oil's huge commitment to cellulosic ethanol. Even Alan Greenspan sees this industry as very lucrative AND according to this site there are many companies who are positioning themselves to get rich from cellulosic ethanol: www.InvestInCellulosicEthanol.com
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September 30, 2006
We need to get off our dependency on Middle Eastern oil. Cellulosic ethanol is a great way to do that. And it's conservation. Why plow under what you can't harvest when it can be used to produce fuel for our cars? This is a win win technology. In the long term I also see ethanol as a hydrogen carrier (BFRE and PEIX are looking into this), so we can still use the existing fuel infrastructure and get the ethanol from the pumps, and I see the fuel cells generating electricity from the hydrogen to run our vehicles. We can get rid of dependence on MidE, smog, and noisy cars...it starts with cell. eth.
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