Today in Biofuels Opinion: “we are on target to be at fuel economics of $60–$80 per barrel of crude algal oil in 24–36 months.”

Harrison Dillon, Solazyme: “Getting to fuel economics is crucial. The fact of the matter is that no matter how environmentally conscious and clean your fuel is, people will not pay more for a gallon of diesel. As with any process development refinement, getting the last mile of cost saved is the longest mile—we are close, though. Solazyme is continuing to drive down the cost of production; we are on target to be at fuel economics of $60–$80 per barrel of crude algal oil in 24–36 months.”

Patricia Monahan, Union of Concerned Scientists: “California’s low carbon fuel standard is a critical part of the state’s strategy to build a clean energy economy…Scientific studies conclude that growing biofuels in the United States can trigger deforestation and other land use changes in other countries, resulting in more heat-trapping emissions going into the atmosphere. If we do not account for these emissions, the standard could result in more pollution than if we continued to rely on gasoline and diesel. The biofuel industry’s call for ’sound science’ is dishonest. The science is clear on this point. California needs a biofuels industry that’s part of a clean energy economy, not one that receives a blank check to pollute.”

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Malaysian crude palm oil reaches record $956 per tonne; crude oil surpasses $100 per barrel

Malaysian crude palm oil rose to an all-time high of $956 per tonne, tracking rises in oil and soybean prices. Oil reached a record $100 per barrel today....

Today in Biofuels Opinion: “the RFS made sense when you passed it in December and prices were $90 a barrel. It makes more sense today with crude oil prices at $120 a barrel”

A spokesman for US President George W. Bush: "We think it is a good thing that countries are developing, that more and more people have higher and higher standards of living....as you increase your st...

EIA raises oil price projection to $52.64 per year – average may rise over $60 in summer, and projected to reach $62.92 for 2010

In Washington, the Energy Information Administration released a revision on projected oil prices for 2009, projecting that crude oil will average $52.64 per barrel for this year, up from a previous fo...

Money and Markets predicts $150 oil by end of 2008

The Money and Markets newsletter predicts $150 oil by the end of 2008, in comparison to a price prediction of $105 per barrel from Goldman Sachs and $85 from the Energy Information Administration. ...

Severe gasoline shortage by 2015, says report; 107 billion gallon shortfall projected; $300 oil in view

The International Energy Agency released a report projecting a severe energy supply shortage by no later than 2015. The report warned that increasing energy demand in India and China would result in a...

Louisiana biodiesel JV between Tyson and Syntroleum set to begin plant construction in ‘08

In Louisiana, the Dynamic Fuels joint venture between Tyson Foods and Syntroleum announced they will begin construction of an animal fat and grease biodiesel plant next year, with the $150 million pro...