A colleague of mine, Will Thurmond, who is the CEO of markets research firm Emerging Markets Online, sent me this great article about why companies are spending billions of dollars investing in advanced biofuels in Brazil while companies are hesitant to invest in any biofuels projects here in the states. I thought that it was so insightful that I wanted to share it with you here.
“US Biofuels Investors, Technologies Migrate to Brazil”
As we enter a new decade in 2010, why are Shell, Bunge, LS9, Dow, BP, Amyris and Cobalt collectively investing more than $20 billion dollars into advanced, sustainable biofuels in Brazil? The big dance between Brazil, US and EU public and industries kicks off a new era in international biofuels investment.
Bossa Nova – The New Wave
Bossa Nova (translation: the new wave, mixing old traditions with new trends) is an evolutionary art form. In the case of the agri-fuels business, Brazil’s new wave of advanced, sustainable biofuels investments represents a heady mixture of sugars and cellulosic carbohydrates into ethanol and hydrocarbon fuels, renewable diesel, biochemicals, biobutanol, biopolymers, and advanced, low-carbon drop-in replacement fuels.
Enter Brazil. For more than 30 years, Brazil has lead the world in sustainable biofuels production. At the dawn of a new decade, Brazil is emerging as a world leader in advanced, sustainable biofuels investments, along with new technologies from private sector partners in the US and EU. In 2010, Brazil’s progress in private sector biofuels investment is charging ahead, while EU and US government policies are effectively reducing ethanol biofuels targets due to political uncertainty and slower growth related to cellulosic biofuel feedstock production economics.Read More