Cellulosic-Ethanol Mandate Faces Snags
by Naureen S. Malik (Wall Street Journal) Cellulosic-ethanol production, a cornerstone of the U.S. government’s plan to curb greenhouse-gas emissions, is earmarked to overtake corn ethanol over the next decade. But the industry’s expected takeoff could be delayed by a year.
Several potholes make the path difficult, including regulatory delays, but the biggest hurdle is that dozens of commercial-scale and pilot facility projects haven’t been able to secure enough financing to begin construction. The recession and tight credit markets have made it difficult to draw investors while the Department of Energy, which has committed $1.3 billion for bio-refinery projects, has been slow to dispense money. READ MORE
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