As many of you know most of the gasoline available in North America today has a biofuel component of between 5 and 10 percent. Newer cars and trucks are E85 compatible, meaning they can operate with up to 85 percent ethanol blended into the gasoline -- which means there is a total growth opportunity of up to 75 percent in the North American biofuel market.
In biofuels circles, especially within the walls of the U.S. ethanol industry, Brazil has long been seen as a competitor for America's corn-based fuel. Industry representatives have gone so far as to label Brazil's ethanol industry as a threat to domestic production and U.S. energy independence. In 2011, however, this couldn't be further from the case: data from the U.S. Energy Information Association (EIA) shows Brazil actually propelled the United States to record ethanol exports last year.
HyperSolar, Inc. has reached an agreement with the University of California, Santa Barbara to move the company's technology closer to market viability.
On Friday, the United States Department of Agriculture rolled out two new funding programs which it hopes will both increase the production of advanced biofuels and also promote the use of renewable energy to create the biofuel.
Canadian company CORE BioFuel Inc. has secured capital investments to fund the completion of its wood-to-Green Gasoline production plant.
Starwood Energy Group Global, LLC has closed in on the acquisition of a partial ownership interest in a biomass power plant being built in Florida.
Welcome to EnergyBoom - an online community that is actively shaping the most important debate of our time. Login or register to get started.