IEA releases biofuels report

By | May 04, 2009
The International Energy Agency released a report examining the current biofuels industry as well as the challenges presented for the development and commercialization of second-generation biofuels. The report concluded that while the transition to an integrated biofuels industry will likely take up to 20 years and require substantial government support, the industry will grow at a steady rate.

The agency estimated that the first commercial-scale second-generation facilities could be operating by 2012. However, before second-generation biofuels can be commercialized, several issues must be addressed, including feedstock costs, production method technology improvements and utilization of co-products.