Saturday, October 14, 2006

Biofuels Come of Age as Demand Rises

http://www.wired.com/wired/archive/14.09/posts.html?pg=4

Biofuels Come of Age as the Demand Rises

By SUSAN MORAN, September 12, 2006

Senator Barack Obama, Democrat from Illinois, spoke last month at an event to celebrate plans for a new biodiesel plant in Cairo, Ill. His presence was a welcome endorsement for a budding industry.

On the day that Mr. Obama joined the Renewable Energy Group in announcing that it would build a 60-million-gallon-a-year refinery, the company said it had garnered $100 million in financing, the largest equity investment in biofuels so far.

The investment underscores how the biodiesel industry is coming of age as demand for renewable fuels increases.

Read the full report from here @ NY Times

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