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No-BS Venture Thoughts for No-BS Entrepreneurs.

A running perspective on Florida's growing tech and venture community, with an occasional detour to the Southeast/national scene, venture capital FAQs and maybe a gadget or two....

By Dan Rua, Managing Partner of Inflexion Partners -- "Florida's Venture Fund".

A World of Biofuel (and then some)

This article from Jeff Schafer had some interesting data on biofuels. Schafer spends much of the article touting Biodiesel and the benefits of diesel generally, but many of his comments relate to bioethanol as well. Although he sounds excited about the prospects of biofuel, he also delivers a healthy dose of skepticism around biofuels replacing fossil fuels.

I haven't corroborated elsewhere, but Schafer's table below suggests that replacing crude oil with biofuel would require growing biofuel crops on 5X the world's arable farmland. Even if 100% of the world's farmland was devoted to biofuels, that would only replace 20% of our crude oil consumption.


Those numbers still suggest a sizeable biofuel opportunity, but it's not the answer for fossil fuel reliance -- especially with Chindia ramping up their consumption.

Schafer provides another table that piqued my curiosity on biofuel crops. What's the deal with Oil Palms? Wherease Corn can deliver 196 barrels of biofuel per square mile of crop, and Coconut (the second highest producer) can deliver a whopping 3,131 barrels/sqm, Oil Palms can deliver 6,927 barrels/sqm -- more than 30X that of Corn. With that level of production we'd at least have a shot at replacing crude oil prior to colonizing other planets...

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Comments (1)

Anonymous Anonymous said...

I think targeting biofuels as a solution to importing oil is a nice marketing gimmick, but there are some significant benefits beyond reducing dependence on foreign oil:

- Corn stover, straw, woody weeds, and other farm wastes are often burned because there's nothing else to do with them. Turning them into biofuels can improve rural economies and reduce carbon dioxide and other emissions

- Marginal fields, in addition to farmland, can be used to grow feedstocks for biofuel. This, once again, can improve rural economies and also means that one doesn't have to decide between growing food and growing fuel

- Something's got to be done with all that subsidized corn.

2:26 PM  

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