Renewable fuels will one day become profitable – US consultant

19 March 2013 16:29  [Source: ICIS news]

HOUSTON (ICIS)--Renewable fuels will eventually become profitable and cost competitive, a US-based consultant said on Tuesday.

All the conditions are in place for renewable fuels, such as cellulosic ethanol, and bio-based chemicals to be successful, said Nexant’s Eric Bober at the annual meeting of the American Fuel & Petrochemical Manufacturers (AFPM). The meeting ends on Tuesday.

Bober said the renewable fuel sector is highly motivated to advance technology to a commercial scale.

“It’s just the start right now,” he said. “We are now on first-plant economics. The operating and capital costs are high for first-generation [plants].”

He said there will eventually be an evolution to lower operating and technology costs once more plants come on line.

By: Bobbie Clark
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