Cellulosic ethanol to match corn by 2016
March 13, 2013
By Bloomberg News
March 13, 2013, London, UK – Ethanol made from inedible matter such as crop waste and household trash will match the price of corn-based ethanol by 2016, potentially spurring output of the motor fuel, according to data compiled by Bloomberg.
Cellulosic ethanol costs about 94 cents a liter to produce, about 40 percent more than ethanol from corn, Bloomberg New Energy Finance said in a statement. That gap will probably close within three years, according to a BNEF survey of 11 of the industry’s biggest companies.
“If our survey proves accurate, cellulosic ethanol will make meaningful inroads into the vehicle-fuel market during the last years of this decade,” Harry Boyle, a biofuel analyst at BNEF, said in the statement.
Refinery construction, the biggest expense for producers last year, may account for as much as 45 percent of the cost of making a liter of cellulosic ethanol by 2016, the survey showed. Feedstock will account for about 34 percent.
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