The Energy Report reports that industry experts see biofuels accounting for up to 25% of global energy consumption by 2050. Mark McHugh, president and CEO of consultancy firm CenAm Energy Partners SA, assesses the current biofuel industry from Brazil, the seat of the growing industry.
Green Valley News reports that Arizona’s legislature wants to make sure there are algae-friendly laws on the books. Rep. Matt Heinz, D-Tucson sponsored two bills to encourage algae growth in the state. “This is a potential new energy source, a potential source of long-term job and economic growth here,” Heinz said. “This is setting things up in a way to make sure that algae is treated the same way other agricultural endeavors are.”
CNBC reports that a new generation of renewable-chemical startups could soon begin breaking the industrial behemoths’ grip on the sector. John Quealy, analyst with Canaccord Genuity says “renewable chemicals can de-risk the chemical supply chain from persistently high petroleum costs.”