“Despite optimistic federal mandates that required the addition of advanced biofuels to the fuel supply, commercialization has been slow to develop. Ethanol produced from cellulose was initially envisioned as a likely candidate for making a major contribution to the mandates, but project delays, overruns, and bankruptcy in the case of the first company to produce a qualifying batch of cellulosic ethanol have all tempered the initial enthusiasm. A different pathway called fast pyrolysis that results in drop-in fuels as the final product after upgrading has emerged as a contender, but this pathway has also struggled to gain a foothold.”

http://www.investingdaily.com/21069/pulp-fiction-the-broken-promises-of-biofuels-2/

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