The Big Build-out: Paying for Biofuels at Scale

Biofuels Digest
Jim Lane January 27, 2011

The USDA tells us that more than 500 biorefineries will be need to be built between now and 2022 in the United States to meet the added requirements for advanced biofuels. With those refineries costing somewhere around $8 per gallon of capacity, or north of $300 million each, the total price tag for bioenergy expansion will be in the region of $150 billion.

Globally, the price tag could easily double that, to $300 billion, as other nations fulfill mandates and explore opportunities in energy security, job creation and climate control over the next 11 years.

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