US Looks to Go Gig on Biofuels as It Diversifies Away from Foreign Oil
by Anmar Frangoul (CNBC.com) … The DOE added that the U.S. is currently spending around $1 billion every three days on “imported oil.” … The importance of biofuels is only set to increase. A 2011 report from the IEA projects that by 2050, biofuels could provide 27 percent of the world’s transportation fuel.
As technology advances, new, innovative ways of generating biofuels are being developed. Scottish start-up Celtic Renewables has developed technology to turn the by-products of whisky into a next generation biofuel, while London’s bio-bean is looking to turn waste coffee grounds into advanced biofuels. READ MORE