The cellulosic ethanol and advanced biofuels industry is on the cusp of a major increase in scale that will prove critics of the effort to increase biofuels production in the US wrong, this rousing defense of the industry from the Advanced Biofuels Association claims.
“We know we have a technology,” says BP Biofuels North America President Sue Ellerbusch in this video, claiming the business is “right on the cusp of ‘told you so.’
More strikingly for an executive from one of the world’s largest oil companies, Ellerbusch says that the firm is making sufficient progress that “over time we’ll have an industry that can compete head-on with fossil fuels.”
Policy stability is important is important for investors in advanced biofuels, which Ellerbusch says boost the prospects of a US future heavy on domestic energy sources and contributing to the “all of the above energy strategy” both sides of the US political debate have claimed to support.
Ellerbusch mentions the company’s large facility under construction in Florida and says that the next facility built will be even larger. She acknowledges competitors in the space like Abengoa and DuPont, pointing out that more broadly “the momentum is there.”
Go here to read more about a major investment in new cellulosic ethanol production capacity by Royal DSM and POET.