August 5, 2012, London, UK - The stage is set for innovative biotech and fuel companies to grab the alternative aviation fuel market according to a report on Renewable Energy World.
By Scott Jamieson
Just a few weeks ago, the DOD
committed first phase funding of five awards at up to $6 million each
for drop in biofuels, sparking a major land grab for biofuels
This gives biofuels producers and fuel companies
the opportunity to use government backing to drive development forward
and makes commercialization more realizable. But issues still abound in
this nascent industry. Secure finance is still notoriously hard to come
by, whilst the enormity of the scale up challenges and the development
of efficient infrastructure to deliver new fuels remain as serious
roadblocks to progress.