13 November 2012 19:36 [Source: ICIS news]
Douglas Cameron, co-president and director at FirstGreen Partners in
Cameron, whose firm provides venture capital to the biotech industry, said that it may become increasingly difficult for alternative fuel technologies and other bio-based projects to get funding because of the broad availability and near-historic low prices for natural gas.
He said that some producers have already switched from biomass feedstocks to gas-based raw materials.
Speaking at the inaugural International Forum on Commercialising Global Green, he said that the
EISA was passed by Congress specifically to stimulate domestic development of biofuels and other alternative energy products. That statute expanded the role of the renewable fuel standard (RFS), which was created by the 2005 Energy Policy Act.
The RFS mandates a minimum level of biofuels consumption by US refiners, with the level increasing annually.
“But with the US moving to energy independence within a few years, according to IEA, the question is whether we have reached the goals of EISA,” Cameron said.
Carl Wolf – business development manager for LanzaTech, a bio-technology provider in
“Without the security issue, renewables will be in trouble,” Wolf said.
Federal tax subsidies for biofuels, wind and solar energy projects are already losing support on Capitol Hill in
Tim Brown – vice president for corporate strategy at Renmatix, a cellulosic sugars producer in
The two-day conference runs through Wednesday this week.
The event was organised by the Society for the Commercial Development of Industrial Biotechnology (SCDiBIO), an affiliate of the Society of Chemical Manufacturers and Affiliates (SOCMA).
Paul Hodges studies key influences shaping the chemical industry in Chemicals and the Economy
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