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Fuel costs depend on how fast the grasses grow and other factors. [2] An estimated investment of over $325 billion (2008 basis) would be needed to build biofactories capable of producing the 65 billion gallons of biofuel needed to meet 2030 national goals.
For example, one vegetable has the same sugary response as a can of Coke. But another vegetable is the secret cure for hangovers. Which vegetables made the cut?
ConocoPhilips is processing 42,000 US gallons per day (1,000 bbl/d) of vegetable oil. Other companies working on the commercialization and industrialization of renewable hydrocarbons and biofuels include Neste, REG Synthetic Fuels, LLC, ENI, UPM Biofuels, Diamond Green Diesel partnered with countries across the globe.
A central consideration for the development of synthetic fuel is the security factor of securing domestic fuel supply from domestic biomass and coal. Nations that are rich in biomass and coal can use synthetic fuel to offset their use of petroleum derived fuels and foreign oil. [48]
The gas can be fermented or chemically synthesised into a range of fuels, including ethanol, synthetic diesel, synthetic gasoline or jet fuel. [ 7 ] There are also lower temperature processes in the region of 150–374 °C, that produce sugars by decomposing the biomass in water with or without additives.
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