Why Thar abandoned its biofuel ambitions

Why Thar abandoned its biofuel ambitions

Biomass-to-biofuel energy seemed to show promise. But Anya Litvak of the Pittsburgh Business Times shows that one Pennsylvania company has abandoned biofuel for other green energy potential because the CEO felt the company couldn’t compete without government subsidies. (Subscription required.)

“[Lalit] Chordia was even getting ready to buy a site for a biofuel plant that would use his CO2-based extraction process to make fuel from various plant matter.

“That all changed about a year ago, he said, ‘because we saw the market collapsing.’

“’It’s not going to work,’ Chordia said. ‘I don’t think any of the biofuels are an economically viable solution. It makes sense in small volumes [only].’”

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