In California, Cool Planet Biofuels says that it can produce its drop-in fuels for $1.50 a gallon at a $50 million plant producing 10 million gallons of fuel per year. Feedstock should come from within a 30-mile radius to keep transport costs, and production costs, down. It hopes to be producing fuel at its first commercial plant by mid-2014 but needs investors to get there.
Category: Fuels