Hopefully even wood can be a viable source of industrial sugar Source: Jiri Hodan / www.publicdomainpictures.net |
With the participation of BASF in Renmatix through a $30
million investment, we are keeping our hopes high that somebody, Renmatix in
this case, will come up with ways to produce cheap and viable biofuels from
wood chips and corn stovers. The biofuels industry, particularly in the US, is
in need of innovative companies that can produce ethanol from sources that will
not compete against food.
Although current known processes of extracting industrial
sugar from cellulosic materials have been expensive, Renmatix claims that they
have made breakthroughs in reducing the cost. Now, backed up by BASF, we are
hoping that this is true and that Renmatix will soon be able to commercialize their
process.