The Next Big Thing in biofuel might involve genetically engineered plants that digest themselves, making it cheaper to turn them into fuel. That’s one of the new ideas that Arun Majumdar finds fascinating. As the head of the U.S. Energy Department’s ARPA-E – the path-breaking agency that aims come up with efficient, green energy solutions — Majumdar said this concept is one of a few dozen that are in the development stage now.
Hundreds of companies and laboratories are racing to find an economical way to make “green crude” from algae. The biofuel industry is grappling with a series of hurdles, which players readily recognized at a summit this week in San Diego and we cover in this story.
Shares in Pacific Ethanol lost almost half their value in morning trading after the biggest West Coast-based producer and marketer of ethanol announced that it had put its production facilities in California, Oregon and Idaho into Chapter 11 bankruptcy.