December 20, 2012, Washington, DC – The Advanced Ethanol Council has released a report giving a snapshot of cellulosic ethanol producers in Canada, the U.S. and around the world.
December 19, 2012 By Advanced Ethanol Council
The report looks at facilities owned by companies such as Abengoa Bioenergy, Enerkem, INEOS Bio and ZeaChem shows the progress made since the Renewable Fuel Standard was put into place five years ago in the United States.
"Despite the global recession, the cellulosic biofuels industry now has facilities and projects under development in more than 20 U.S. states representing billions of dollars in private investment. Enzyme costs are down 80% in the last decade, and cellulosic biofuels are being produced for $2.00 per gallon or less today," AEC says in the report.
While the cellulosic biofuels industry has reached the commercial deployment phase, the report warns that “high capital risk from OPEC-induced price distortions, constrained blending markets and policy uncertainty continues to slow the rate of deployment.”
Click here to read the report.
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