30 June 2010 04:37 [Source: ICIS news]
“The current economics of enzymatic conversion to sugar looks the same as the economics of algae and both will continue to be costly. I could be wrong and in fact, I hope I’m wrong but that’s my personal view,” Khosla said in a keynote presentation at the World Congress on Industrial Biotechnology & Bioprocessing in
One major challenge is limited use and adoption of biomass feedstock such as switchgrass and miscanthus.
“My lament is that almost no work is being done in improving the feedstock issue,” said Khosla.
“Government agencies have done a great job pushing biotechnology-based fuels forward and supporting them. This is not happening as much on the feedstock side,” he added.
Khosla is currently investing in several advanced biofuels developers such as Range, Coskata, Mascoma, Lanza Tech, Amyris Biotechnologies, LS9, Gevo and Kior.
In the biotechnology-based chemicals sector, Khosla’s current investment portfolio includes Segetis, Draths and Reluceo.
Reluceo is developing xylose-based bioplastics and industrial chemicals.
“I am optimistic about bioplastic replacing traditional petroleum-based plastics. However, there are issues such as slow pace of adoption for new chemistries and supply chain for new feedstock takes a while to be established,” said Khosla.
“Most of the biochemicals in the market also cannot have a green premium,” he said.
The BIO World Congress ends on Wednesday.
($1 = €0.82)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|