Center for Advanced BioEnergy Research, University of Illinois at Urbana-Champaign

Friday, March 26, 2010

Lux Research Report Says...

Biofuels Journal
Date Posted: March 24, 2010

...Biofuels and Biochemicals Developers Need Corporate Partners to Compete at Scale With Petroleum Industry

Boston, MA—Biofuels have narrowed their cost and performance gap to petroleum with help from academic labs and venture partners.

But a final and significantly more daunting hurdle now confronts biofuel developers: Competing on scale with the multi-trillion dollar petroleum industry.

Clearing that hurdle will take enormous injections of cash, engineering support, and help in developing distribution channels -- all resources that corporate partners are better equipped to provide.

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