UOP and USC developing technology to produce cleaner-burning fuels from CO2

• Publisher: Elsevier Science
• Year: 2008
• Weight: 53 KB
• Volume: 2008
• Category: Article
• ISSN: 1351-4180
• DOI: 10.1016/s1351-4180(08)70072-2

✦ Synopsis

foreseeable future. Novozymes believes a political decision to grant support to biofuels production, as in America, would alter the situation substantially, but Europe has a more hesitant approach than the US and Brazil, both of which can sell biofuels much more cheaply than their European competitors. Brazilian bioethanol is sold in Germany for DKR 4.10/litre but Novozymes would need a price of at least DKR 5.95/litre in order to cover its raw materials costs. The German biofuels producer Verbio has experienced a huge fall in both production and turnover in 2007 despite sky high oil prices.