Geography 3422A/B Study Guide - Isobutanol, Speciality Chemicals, Jet Fuel
8 Nov 2012
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Biofuel firms find a market in chemicals11/7/2012 5:44:00 pm. Some biofuel firms find a market for the products in chemicals. Produce oil from algae, wood scraps, and other nonfood sources. Solazyme inc. , blue fire renewables inc. and gevo inc are using their technology to create personal-care products and raw materials for chemical companies. Best way to obtain the millions of dollars in capital needed to ramp up fuel production. With fuels if you can meet specs and meet cost, you"ll sell as much as you can make. Eye on fuel: blue fire renewables coverts waste material into sugars that can then be processed into fuel, mid 1990s they sold some its sugars to chemical companies as raw materials. So lucrative that they changed their name to reflect its growth in the nonfuel market: revenue from specialty chemical sales helped them make the case for commercial-scale 20 million gallon a year refinery in.
