See on Scoop.it – Green & Sustainable News
2012 saw the introduction of next generation, advanced biorefineries. Here we look at the trends that will hit the biofuel market in 2013, including; Green Diesel, Decline of Oil,
The Retreat of Oil Majors
Trend: Oil Majors double down on “Golden Age of Gas” while narrowing investments across the advanced biofuel space.
An early strategic investor in the advanced biofuels industry, global oil majors have begun trimming excess fat from their biofuel investment portfolios over the past couple of years. BP, a leading investor in the biofuels industry, pulled out of its commercial Highlands Park project in Florida in October 2012 to refocus on R&D efforts. Shell, meanwhile, has dropped a number of investments across the advanced biofuels landscape, concentrating its commercialization efforts on its Raizen joint venture with Cosan in Brazil.
See on oilprice.com
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