17 Sep '12, 1pm

Floating US Biofuels: Should the Navy Support a New Industry?

These days, it’s common to see a household with at least one car in its driveway. That same house is also likely to hold a personal computer. And the inhabitants of the home are just as likely to own a smart phone. But just one decade ago, most consumers could not have dreamed of owning these possessions. How did these innovations come to fruition? Each of these industries — automobile, computer, phone — went through periods of research and development, consolidation, and scale to become affordable and attractive to the major public market. The renewables industry is going through this same process — and the biofuels market is no exception. But to become large-scale and cost-competitive with fossil fuel, the biofuels industry must continue to travel through a major research and development phase — a phase which also requires major investment. This is where the United State...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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