Biofuels Will Be A Key Part Of The Net-Zero Solution

Daniel Schrag News

Biofuels Will Be A Key Part Of The Net-Zero Solution
BiofuelsNet ZeroGreen Hydrogen Energy
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I am a medical doctor and venture investor in healthcare, biotech, and agriculture with more than 20 years of experience.

Imagine a world where jets fly around the planet on fuel sourced from plants, replacing fossil fuels at cost parity, all without displacing huge amounts of forest land and animal life.

Environmentalists contend that the fuel of the future should be green hydrogen energy, which is produced by splitting water into hydrogen and oxygen using renewable electricity and is neutral in carbon emissions. However, the costs are too high to be competitive with fossil fuels for the foreseeable future and experts acknowledge it is not an immediate next step in transitioning the economy to a cleaner fuel source.

Doug Berven, Vice President of Corporate Affairs at Poet, sees “tremendous potential” for agricultural products like ethanol to underpin a significant shift from fossil fuels to renewables. Berven sees the latter point as key for scaling biofuels in developing countries. Right now, it’s cheaper in Kenya, for example, to import corn rather than grow it. However, by enhancing agricultural practices with better seeds and practices, Berven says, they could increase their yield up to nine times and service an “untapped” market for ethanol with their excess grain.

The first commercial crop was planted last fall on 3,000 acres and will be harvested in late spring. It’s a win-win for farmers, who get paid $175 per bushel under contracts with CCI for harvested CoverCress® grain grown between their traditional corn and soybean rotation. CCI will initially sell the harvested grain as an ingredient for broiler chicken feed and in the future the grain will be sold to a crusher, who turns the grain into an oil and animal meal product.

Schrag is excited by pyrolysis, a technique that heats the plant biomass without air and turns it into charcoal and liquid that could be turned into a form of crude oil — but isn’t ready to call a winner.

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