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Article: As Gas, Oil Prices Soar, Bioethanol Offers Hope.
- Article from:
- BIOWORLD Today
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 A Thomson Healthcare Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Staff Writer
With oil prices higher than they've ever been - at more than $60 a barrel - there's been a sudden increased interest from the public concerning biofuels.
One thing is clear: The U.S. government would like to reduce dependence on foreign oil. By using biotech enzymes to break down crop biomass, and converting it into ethanol, the biotech industry may for the first time have an economical process to compete with fossil fuels.
But that does not mean the country would someday be completely independent of foreign oil.
"I wouldn't go that far at all," said Brent Erickson, the executive vice president of industrial and ...