Next generation ethanol projected at 100mgy
US-based Cobalt Biofuels, Coskata and Qteros have projected that they will each reach annual production levels of 100mgy by 2012, with Solazyme forecasting a similar level by 2012 or 2013.
The companies’ projections indicate that they are aware of the challenges of funding advanced biofuels enterprises in difficult capital markets, but are not worried in the short term about downstream development of ethanol distribution infrastructure.
Wes Bolsen, CMO of cellulosic ethanol producer Coskata states that in the context of building the first handful of 50-100mgy cellulosic ethanol plants, end users are lining up to take the ethanol.
Jack Huttner, VP for Corporate and Public Affairs for DuPont Danisco, took a longer term view on ethanol infrastructure and said that 'the challenges [of cellulosic ethanol] are upstream and downstream of the core technology; the oil industry has had 100 years of vertical integration in building out an infrastructure, and clear energy policies are a clear objective for an alcohol-based energy economy. Downstream is a concern and a priority.'
Solazyme CEO Jonathan Wolfson said that 'On the one hand, the [investors] in the space are much more serious, and in it for the long term. On the other hand, there are fewer of them.'
The companies’ projections indicate that they are aware of the challenges of funding advanced biofuels enterprises in difficult capital markets, but are not worried in the short term about downstream development of ethanol distribution infrastructure.
Wes Bolsen, CMO of cellulosic ethanol producer Coskata states that in the context of building the first handful of 50-100mgy cellulosic ethanol plants, end users are lining up to take the ethanol.
Jack Huttner, VP for Corporate and Public Affairs for DuPont Danisco, took a longer term view on ethanol infrastructure and said that 'the challenges [of cellulosic ethanol] are upstream and downstream of the core technology; the oil industry has had 100 years of vertical integration in building out an infrastructure, and clear energy policies are a clear objective for an alcohol-based energy economy. Downstream is a concern and a priority.'
Solazyme CEO Jonathan Wolfson said that 'On the one hand, the [investors] in the space are much more serious, and in it for the long term. On the other hand, there are fewer of them.'
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